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Homework Answers
Labor force participation rate = (employed +unemployed) *100 / adult population
= (300+16)*100/400= 79%
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Help me solve this with a
solution. Thank you.
In an economy, the working-age population is...
In an economy, the working-age population is 200 million of this total, 150.0 million workers are...
In an economy, the working-age population is 200 million of this total, 150.0 million workers are employed. 8.0 million workers are unemployed. 32.0 million workers are not available for work (homemakers, full-time students, etc.) 6.0 million workers are available for work but are discouraged and thus are not seeking work. 4.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor force participation rate in this economy is %. (Round...
In an economy, the working-age population is 400 million. Of this total, 320 million workers are...
In an economy, the working-age population is 400 million. Of this total, 320 million workers are employed. 12 million workers are unemployed. 56 million workers are not available for work (homemakers, full-time students, etc.). 8 million workers are available for work but are discouraged and thus are not seeking work. 4 million workers are available for work but are not currently seeking work due to transportation or childcare problems The unemployment rate in this economy is | %. (Round your...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is % (Round your answer...
I need some help completing this exercise on unemployment and inflation and labor force participation In...
I
need some help completing this exercise on unemployment and
inflation and labor force participation
In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million workers are unemployed 56.0 million workers are not available for work (homemakers, full-time students, etc.) 8.0 million workers are available for work but are discouraged and thus are not seeking work 4.0 million workers are available for work but are not currently seeking work due to...
Assume you have the following information about an economy. Labor Force of an Economy Population over...
Assume you have the following information about an economy. Labor Force of an Economy Population over age 16 Labor force Not in the labor force Employed Unemployed Number of People (millions) 243.8 153.6 90.2 144.2 9.4 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? C. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number...
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million...
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million Not in Labor Force 85 million Discouraged workers 2 million Involuntary part-time workers 8 million Unemployed 15 million Employed 150 million a. Compute the labor force participation rate. (2pts) b. Compute the official unemployment rate (U-3). (2pts) c. Suppose that 2 million jobless people (i.e., unemployed) suddenly quit looking for a job. How does it affect the labor force participation rate and the official...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate:...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
Suppose an economy is given by: Population =219 million Working-age population =113 million Labor force =86...
Suppose an economy is given by: Population =219 million Working-age population =113 million Labor force =86 million The number of people employed =80 million The number of people unemployed =6 million The labor force participation rate for this economy is ______ %. (Enter your response rounded to one decimal place
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table...
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table I. The unemployment rate for this simple economy equals A) (100/1,000) x 100. B) (100/1,100) x 100. C) (100/15,000) * 100. D) (100/20,000) 100. 3) Refer to Table 1. The labor force participation rate for this simple economy equals A) (1,000/1,100) x 100. B) (1,000/15,000) 100. C) (1,100/15,000) x 100. D) (1,100/20,000) * 100. 4) Suppose the working-age population of a fictional economy falls...
Thank you Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly...
Thank you
Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes the question prompts you to "Calculate you must show how you arrived at your final answer The table below shows unemployment and labor force statistics for an economy Actual rate of unemployment 3% 125 million Natural rate of unemployment Population of the country Number of people employed Number of...
In an economy, the working-age population is 200 million of this total, 150.0 million workers are employed. 8.0 million workers are unemployed. 32.0 million workers are not available for work (homemakers, full-time students, etc.) 6.0 million workers are available for work but are discouraged and thus are not seeking work. 4.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor force participation rate in this economy is %. (Round...
In an economy, the working-age population is 400 million. Of this total, 320 million workers are employed. 12 million workers are unemployed. 56 million workers are not available for work (homemakers, full-time students, etc.). 8 million workers are available for work but are discouraged and thus are not seeking work. 4 million workers are available for work but are not currently seeking work due to transportation or childcare problems The unemployment rate in this economy is | %. (Round your...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is % (Round your answer...
I
need some help completing this exercise on unemployment and
inflation and labor force participation
In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million workers are unemployed 56.0 million workers are not available for work (homemakers, full-time students, etc.) 8.0 million workers are available for work but are discouraged and thus are not seeking work 4.0 million workers are available for work but are not currently seeking work due to...
Assume you have the following information about an economy. Labor Force of an Economy Population over age 16 Labor force Not in the labor force Employed Unemployed Number of People (millions) 243.8 153.6 90.2 144.2 9.4 Instructions: Round your answers to two decimal places. a. What is the unemployment rate in this economy? % b. What is the labor force participation rate? C. Assume that 0.9 million discouraged workers decide to start looking for work again, thereby increasing the number...
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million Not in Labor Force 85 million Discouraged workers 2 million Involuntary part-time workers 8 million Unemployed 15 million Employed 150 million a. Compute the labor force participation rate. (2pts) b. Compute the official unemployment rate (U-3). (2pts) c. Suppose that 2 million jobless people (i.e., unemployed) suddenly quit looking for a job. How does it affect the labor force participation rate and the official...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table I. The unemployment rate for this simple economy equals A) (100/1,000) x 100. B) (100/1,100) x 100. C) (100/15,000) * 100. D) (100/20,000) 100. 3) Refer to Table 1. The labor force participation rate for this simple economy equals A) (1,000/1,100) x 100. B) (1,000/15,000) 100. C) (1,100/15,000) x 100. D) (1,100/20,000) * 100. 4) Suppose the working-age population of a fictional economy falls...
Thank you
Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes the question prompts you to "Calculate you must show how you arrived at your final answer The table below shows unemployment and labor force statistics for an economy Actual rate of unemployment 3% 125 million Natural rate of unemployment Population of the country Number of people employed Number of...
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