Answer
False
Unemployment rate =(Unemployed /labor force)*100
Unemployed =labor force -employed
unemployed in 2019=120-110=10 million
unemployed in 2020=125-112=13 million
The unemployment rate in 2019=(10/120)*100
=8.33333333
=8.33%
The unemployment rate in 2020=(13/125)*100
=10.4%
the unemployment rate increased from 8.33% to 10.4%
In 2019 there were 120 million people in the labor force and 110 million people were...
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...
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...
If a country has 28.67 million people employed, a labor force of 30.66 million, and an adult population of 48.28 million, calculate the Labor Force Participation Rate and the Unemployment Rate. Round your answers to two decimal places. 4. LFPR u-rate
The overall population for Region A is 122122 million people. The labor force contains 5151 million people, 3232 million people are employed, and 1919 million are unemployed. What is the unemployment rate? Round your answer to two decimals. ____________________________-%
QUESTION 1 A country has 120 million population, 100 million in labor force, 90 million are employed. What is the unemployment rate? (enter only numbers) (two decimal) (do not put in %, comma, S) Then a month later, 5 million people gave up looking for jobs. What is the new unemployment rate? (enter only numbers) (two decimal) (do not put in %, comma, S) For example, if your calculation is 10.192374%, put in your answer as 10.19 For example, if...
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.)...
The overall population for Region A is 105 million people. The labor force contains 77 million people. 26 million people are employed, while 51 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.
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?
Imagine in 2019 the population 16 and older of a country A is 400,000 and labor force is 300.000 and the unemployment rate is 8%. (show the formulas) (a) Calculate the number of people that are employed (10%) (b) Calculate the number of people that are unemployed (10%) (c) Calculate the labor force participation rate in Country A in 2019 (10%)
Imagine in 2019 the population 16 and older of a country A is 400,000 and labor force is 300.000...
In Nepal, the adult population is 7.0 million people. There are 2.6 million employed people and 0.5 million unemployed people. How large is the labor force? How many people are not employed? What is the labor force participation rate? What is the unemployment rate?