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14. The following table provides information on employment and unemployment for the population of Quasiland,...
The table below shows the population and employment data for Gilead, a country with a total...
The table below shows the population and employment data for Gilead, a country with a total population of 1 million people. An questions to 2 decimal places (for example: 5.64) Status # of people Children (0-16 years old) 200,000 Employed 325,000 Unemployed 25,000 Discouraged adult workers 50,000 Full-time students over 16 100,000 Retired individuals 100,000 Stay-at-home parents 100,000 Non-civilians (employed by armed forces) 60,000 Institutionalized Individuals 40,000 What is Gilead's Unemployment rate? %5 What is Gilead's Labor Force Participation rate?
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...
Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make...
Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make sure you show all of your calculations. 1987 1992 Non-institutionalized, civilian, 182,753,000 191,576,000 Adult population Employed persons 112,440,000 117,598,000 Unemployed persons 7,425,000 9,384,000 What was the size of the civilian labor force in 1987? ____________ What was the size of the civilian labor force in 1992? ____________ What was the unemployment rate in 1987? ___________ What was the unemployment rate in...
Calculating Unemployment Given the following information about a country’s population, answer the questions which foll...
Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make sure you show all of your calculations. 1987 1992. Non-institutionalized, civilian, 182,753,000 191,576,000 Adult population Employed persons 112,440,000 117,598,000 Unemployed persons 7,425,000 9,384,000 What was the employment rate in 1992? __________ What was the labor force participation rate in 1987? ___________ What was the labor force participation rate in 1992? ___________ Explain how the unemployment rate can increase even if the...
Classifying the Unemployed Name(s) Classify the following examples as structural, frictional, seasonal or cyclical unemployment -...
Classifying the Unemployed Name(s) Classify the following examples as structural, frictional, seasonal or cyclical unemployment - or not in the labor force. Structural Frictional Seasonal Cyclical Not in Labor Force 1. Angelina Jolie just finished her last movie and is looking for her next film. 2. Tim Tromer was laid off from his construction job because of the recession. 3. Jennifer Waxem just graduated from college and is searching for her first job. 4. Tom Hyde quit his oil exploration...
4. The following table provides information on the civilian non-institutional population (CNIP), the labor force (LF),...
4. The following table provides information on the civilian non-institutional population (CNIP), the labor force (LF), and the number of unemployed persons for select years between 2006 and 2016. All values are in thousands of people at the end of each year. Year CNIP LF LFP # unemployed UR 2006 230 152.7 66% 7.1 4.6% 2009 236.9 153.1 65% 15.1 9.9% 2018 258.9 163.2 63% 6.3 3.9% b. The US experienced a severe economic downturn in 2008-09 that resulted in...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT AND INFLATION 1 2. In order to be classified as unemployed, with the exception of workers who have been temporarily laid off and are waiting to report back to work, a person must a. not have worked during the survey week, be actively looking for work, and currently be available for work. b. have filed for unemployment compensation not have a job d. not...
Employment Unemployment Rate homeboyment Labor Force Labor Force Adult (in Population thousands) (in thousands) | Number...
Employment Unemployment Rate homeboyment Labor Force Labor Force Adult (in Population thousands) (in thousands) | Number Employed Unemployed (in Year in thousands) thousands) 2019 5,989 157,529 2018 6,308 155,760 2017 6,979 153,334 2016 7,757 151,439 2015 8,294 148,845 2014 9,602 146,319 2013 11,457 143,941 2012 12,499 142,475 2011 13,739 139,885 2010 14,808 139,077 2009 14,295 139,894 Labor Force Participation Rate 63.1% 62.9% 62.8% 62.8% 62.7% 62.9% 63.3% 63.7% 64.1% 64.7% 65.4% *Real-time data provided by Federal Reserve Economic Data (FRED),...
Consider a small economy composed of six people: Paolo, Sharon, Van, Amy, Deborah, and Carlos. Each person's employment status is described in the following table.
Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Paolo, Sharon, Van, Amy, Deborah, and Carlos. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civillian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult...
Based on the Employment Situation Summary below, answer the following questions: 1. What month (and year)...
Based on the Employment Situation Summary
below, answer the following questions:
1. What month (and year) is summarized?
What was the unemployment rate for that month?
How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers,
blacks, hispanics, and whites?
How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment
rate?
4. Why is unemployment an economic problem?...
The table below shows the population and employment data for Gilead, a country with a total population of 1 million people. An questions to 2 decimal places (for example: 5.64) Status # of people Children (0-16 years old) 200,000 Employed 325,000 Unemployed 25,000 Discouraged adult workers 50,000 Full-time students over 16 100,000 Retired individuals 100,000 Stay-at-home parents 100,000 Non-civilians (employed by armed forces) 60,000 Institutionalized Individuals 40,000 What is Gilead's Unemployment rate? %5 What is Gilead's Labor Force Participation rate?
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...
Classifying the Unemployed Name(s) Classify the following examples as structural, frictional, seasonal or cyclical unemployment - or not in the labor force. Structural Frictional Seasonal Cyclical Not in Labor Force 1. Angelina Jolie just finished her last movie and is looking for her next film. 2. Tim Tromer was laid off from his construction job because of the recession. 3. Jennifer Waxem just graduated from college and is searching for her first job. 4. Tom Hyde quit his oil exploration...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT AND INFLATION 1 2. In order to be classified as unemployed, with the exception of workers who have been temporarily laid off and are waiting to report back to work, a person must a. not have worked during the survey week, be actively looking for work, and currently be available for work. b. have filed for unemployment compensation not have a job d. not...
Employment Unemployment Rate homeboyment Labor Force Labor Force Adult (in Population thousands) (in thousands) | Number Employed Unemployed (in Year in thousands) thousands) 2019 5,989 157,529 2018 6,308 155,760 2017 6,979 153,334 2016 7,757 151,439 2015 8,294 148,845 2014 9,602 146,319 2013 11,457 143,941 2012 12,499 142,475 2011 13,739 139,885 2010 14,808 139,077 2009 14,295 139,894 Labor Force Participation Rate 63.1% 62.9% 62.8% 62.8% 62.7% 62.9% 63.3% 63.7% 64.1% 64.7% 65.4% *Real-time data provided by Federal Reserve Economic Data (FRED),...
Based on the Employment Situation Summary
below, answer the following questions:
1. What month (and year) is summarized?
What was the unemployment rate for that month?
How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers,
blacks, hispanics, and whites?
How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment
rate?
4. Why is unemployment an economic problem?...
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