Homework Answers
"C"
people will like to join the labor force in the boom period because more jobs become available and hence there are more opportunity to find th job.
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This Question: 1 pt 20 of 26 The unemployment rate is defined as Number of people...
Picture an economy with 100,000 workers in its labor force. The unemployment rate is simply the...
Picture an economy with 100,000 workers in its labor force. The unemployment rate is simply the number of unemployed workers divided by the number of workers in the labor force. At the beginning of January, the unemployment rate is 4.76%, so 4,760 people in the labor force are unemployed. Suppose that in January, 10% of the workers who were unemployed at the beginning of the month start new jobs. This means that ________ people leave the unemployment category in January....
Is it possible for the unemployment rate to go down while the number of unemployed workers...
Is it possible for the unemployment rate to go down while the number of unemployed workers increases? Yes, if the labor force partication rate increases. Yes, if the size of the working age population increases by less than the increase in those adults actively looking for work. No, any increase in the number of unemployed will result in an increase in the unemployment rate. Yes, if the labor force particiation rate decreases.
QUESTION 18 The labor force is the number of employed people plus the number of unemployed...
QUESTION 18 The labor force is the number of employed people plus the number of unemployed people. total population divided by the number of employed people. number of employed people in the working-age population. number of employed people minus the number of unemployed people. 2 points QUESTION 19 Category Number of People (Millions) Total Population 300 Working-Age Population 220 Labor Force 145 Employed Workers 140 Calculate the unemployment rate. (Round to two decimal places) Calculate the Labor Force Participation...
5. What does the natural unemployment rate include? a. both frictional and structural unemployme
5. What does the natural unemployment rate include? a. both frictional and structural unemployment b. neither frictional nor structural unemployment c. structural unemployment, but not frictional unemployment d. frictional unemployment, but not structural unemployment Answer: 6. A foreign governmental statistics agency recently reported that there were 47.6 millionpeople over age 25 who had at least a bachelor’s degree. Of this number, 38.0 million were in the labour force and 35.9 million...
1) The table below lists the number of people by labor force classification for the country...
1) The table below lists the number of people by labor force classification for the country of Grenyarnia. Employed 78 million Unemployed 12 million Not in the Labor Force 30 million a.) Calculate the number in the labor force, and the unemployment rate. b.) Calculate the number in the adult population, and the labor force participation rate. c.) Suppose 8 million people who were previously employed become discouraged workers. Recalculate the unemployment rate and the labor force participation rate. d.)...
Use the table below to answer the question Category Number of people (millions) 14 123 40...
Use the table below to answer the question Category Number of people (millions) 14 123 40 Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Population Looking for work 20 27 314 14 The unemployment rate is (give your answer to two decimals): Part 2 (2 points) See If 4 million of those who are currently unemployed become discouraged workers, the unemployment rate will The unemployment rate is now (give your answer to two decimals)....
The unemployment rate may underestimate the true extent of unemployment if: Select one: a. many people...
The unemployment rate may underestimate the true extent of unemployment if: Select one: a. many people work in the underground economy. b. employees increase the number of hours they work overtime. c. many people become discouraged and cease looking for work. d. many people have a part time as well as a full time job.
I need response to this question <1> unemployment rate in year 1 = (7.2 million/120 million)...
I
need response to this question
<1> unemployment rate in year 1 = (7.2 million/120 million) x 100 = 6 percent unemployment rate in year 2 = (6.7 million/119.5 million)x100 = 5.6 percent <2> the number of people employed in year 1 = 120 million-7.2 million = 112.8 million the number of people employed in year 2 = 119.5 million-6.7 million = 112.8 million <3> the labor force participation rate in year 1 = (120 million/200million) x 100 = 60...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
I need response to this question <1> unemployment rate in year 1 = 17.2 million/120 million)*100...
I
need response to this question
<1> unemployment rate in year 1 = 17.2 million/120 million)*100 = 6 percent unemployment rate in year 2 = (6.7 million/119.5 million) x 100 = 5.6 percent <2> the number of people employed in year 1 = 120 million-7.2 million = 112.8 million the number of people employed in year 2 = 119.5 million-6.7 million = 112.8 million <3> the labor force participation rate in year 1 = (120 million/200million) x 100 = 60...
Use the table below to answer the question Category Number of people (millions) 14 123 40 Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Population Looking for work 20 27 314 14 The unemployment rate is (give your answer to two decimals): Part 2 (2 points) See If 4 million of those who are currently unemployed become discouraged workers, the unemployment rate will The unemployment rate is now (give your answer to two decimals)....
I
need response to this question
<1> unemployment rate in year 1 = (7.2 million/120 million) x 100 = 6 percent unemployment rate in year 2 = (6.7 million/119.5 million)x100 = 5.6 percent <2> the number of people employed in year 1 = 120 million-7.2 million = 112.8 million the number of people employed in year 2 = 119.5 million-6.7 million = 112.8 million <3> the labor force participation rate in year 1 = (120 million/200million) x 100 = 60...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
I
need response to this question
<1> unemployment rate in year 1 = 17.2 million/120 million)*100 = 6 percent unemployment rate in year 2 = (6.7 million/119.5 million) x 100 = 5.6 percent <2> the number of people employed in year 1 = 120 million-7.2 million = 112.8 million the number of people employed in year 2 = 119.5 million-6.7 million = 112.8 million <3> the labor force participation rate in year 1 = (120 million/200million) x 100 = 60...
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