Homework Answers
Civilian labor force = Number of employed + number of unemployed
Number of unemployed = 1,000,000 - 800,000 - 50,000 - 10,000 = 140,000
Civilian labor force = 800,000 + 140,000 = 940,000
Unemployment rate = 14.89%
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1. Following data are from the labor department of Mangolea. Calculate the country's unemployment rate. Non-institutionalized...
Find the size of the civilian labor force from the following data: frictional unemployment = 150,...
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What is the formula used to calculate the official unemployment rate?
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3. The table below shows unemployment and labor force statistics for an economy. Actual rate of...
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Calculating Unemployment Given the following information about a country’s population, answer the questions which foll...
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3. The table below shows unemployment and labor force statistics for an economy.
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Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make...
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5. Find the labor force participation rate and unemployment rate given the following information about an...
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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?
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