Homework Answers
Unemployment rate = Number of unemployed / Size of labour force
Labour force = 15000
Employed = 10000
Unemployed = 15000 - 10000 = 5000
Unemployment rate = 5000 /15000 = 33.3%
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Given the information in the table below, calculate the unemployment rate (the percentage that are unemployed)...
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of...
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
5. Find the labor force participation rate and unemployment rate given the following information about an...
5. Find the labor force participation rate and unemployment rate given the following information about an economy: Population (working age) 120 Labor Force 80 PLEASE JUST ANSWER THE QUESTION 6. # Employed 70 Assume in the problem above 5 of the unemployed became discouraged workers. Calculate new official unemployment rate in this economy. Comment on your finding.
What is the formula used to calculate the official unemployment rate?
What is the formula used to calculate the official unemployment rate?The number in the labor force divided by the population. The number of discouraged workers divided by the number of civilian workers. The number of unemployed workers divided by the sum of employed and unemployed workers.
3. The table below shows unemployment and labor force statistics for an economy.
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of discouraged workers 2 million e. Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
Please calculate the unemployment rate, the employment rate, and the labor force participation rate given the...
Please calculate the unemployment rate, the employment rate, and the labor force participation rate given the following information. Round to two decimal places. Total Population: 280,270,378 Homemakers: 18,874,567 Retired: 24,687,155 Labor Force: 225,314,672 Under the Age of 16: 30,799,600 Discouraged Workers: 9,678,228 Unemployed: 31,482,365 Underemployed: 5,977,312
During recessions, the official unemployment rate may not adequately reflect the true state of official unemployment...
During recessions, the official unemployment rate may not adequately reflect the true state of official unemployment rate and percentage of unemployed, underemployed, and discouraged w Total percentage of the labor force who are either Official unemployment unemployed, underemployed rate or discouraged workers. 5.5% 8.4% Using the data above, calculate the percentage of discouraged and underemployed workers Percentage of discouraged workers and underemployed workers:
During recessions, the official unemployment rate may not adequately reflect the true state of workers in...
During recessions, the official unemployment rate may not adequately reflect the true state of workers in the labor market. Data on the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers are provided below. Official unemployment rate Total percentage of the labor force who are either unemployed, underemployed, or discouraged workers 8.4% 5.5% Using the data above, calculate the percentage of discouraged and underemployed workers. Percentage of discouraged workers and underemployed workers: % Unemployment and the Labor Force...
then Use the data below to calculate the Unemployment Rate per country State the Unemployed without...
then Use the data below to calculate the Unemployment Rate per country State the Unemployed without a decimal point. State the Unemployment rate to two decimal points and do not include a % sign. Country Adult Population Labor Force Employed Unemployed Unemployment Rate Japan 109.474 66,010 62,510 France 46,804 26,870 24,293 Germany 70,159 39,592 35,755 England 68.570 59,050 54,435
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.)...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
During recessions, the official unemployment rate may not adequately reflect the true state of official unemployment rate and percentage of unemployed, underemployed, and discouraged w Total percentage of the labor force who are either Official unemployment unemployed, underemployed rate or discouraged workers. 5.5% 8.4% Using the data above, calculate the percentage of discouraged and underemployed workers Percentage of discouraged workers and underemployed workers:
During recessions, the official unemployment rate may not adequately reflect the true state of workers in the labor market. Data on the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers are provided below. Official unemployment rate Total percentage of the labor force who are either unemployed, underemployed, or discouraged workers 8.4% 5.5% Using the data above, calculate the percentage of discouraged and underemployed workers. Percentage of discouraged workers and underemployed workers: % Unemployment and the Labor Force...
then Use the data below to calculate the Unemployment Rate per country State the Unemployed without a decimal point. State the Unemployment rate to two decimal points and do not include a % sign. Country Adult Population Labor Force Employed Unemployed Unemployment Rate Japan 109.474 66,010 62,510 France 46,804 26,870 24,293 Germany 70,159 39,592 35,755 England 68.570 59,050 54,435
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