Homework Answers
Employment rate = 90% (100%-10% unemployed) = 90 m people
Hence total labour force = 90*100%/90% = 100 million
Working age population = 100m+ 20 m = 120 million
Unemployed people = 100m-90m = 10 million
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9. (3 points) Suppose there are 90 million people who are employed. The unemployment rate is...
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor...
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people. How many million people are unemployed?
suppose the number of employed people in an economic is 312,545372. the unemployment rare in this...
suppose the number of employed people in an economic is 312,545372. the unemployment rare in this economic is 7.4 percent or 074 and the labor force participation rate is 80 percent or 80. what is the size of the labor force. how many people are unemployed. what is the size of the working age population.
help Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment...
help
Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in this economy is 7.4 percent, or 074, and the labor force participation rate is 80 percent, or 80. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? On og notion in Eurone nay higher unemployment
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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...
1. (5 points) Suppose that in the country of Atlantis 30 million people are not in...
1. (5 points) Suppose that in the country of Atlantis 30 million people are not in the labor force, 80 million people are employed and 5 million are unemployed, then (a) What is the size of the labor force? (b) What is the size of the adult population? (b) What is the labor force participation rate? (c) What is the unemployment rate?
In Nepal, the adult population is 7.0 million people. There are 2.6 million employed people and...
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?
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number...
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100. b. The labor-force participation rate is the labor force divided by the working-age population then times 100. C. The labor force is equal to the number of people employed plus the number of people unemployed. d. The working age population includes everyone over the age of 16. Next page 19 Hamdan...
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...
A country has a total civilian population of 400 million, of which 300 million are over...
A country has a total civilian population of 400 million, of which 300 million are over age 16. Of this population, 225 million are employed, 25 million are unemployed, and the remainder of the population is not in the labor force. Then, the unemployment rate is [Select] 9, the employment- population ratio is [Select ] , and the labor force participation rate (labor force divided by the civilian working-age population) is [Select]
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people. How many million people are unemployed?
help
Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in this economy is 7.4 percent, or 074, and the labor force participation rate is 80 percent, or 80. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? On og notion in Eurone nay higher unemployment
1. (5 points) Suppose that in the country of Atlantis 30 million people are not in the labor force, 80 million people are employed and 5 million are unemployed, then (a) What is the size of the labor force? (b) What is the size of the adult population? (b) What is the labor force participation rate? (c) What is the unemployment rate?
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100. b. The labor-force participation rate is the labor force divided by the working-age population then times 100. C. The labor force is equal to the number of people employed plus the number of people unemployed. d. The working age population includes everyone over the age of 16. Next page 19 Hamdan...
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...
A country has a total civilian population of 400 million, of which 300 million are over age 16. Of this population, 225 million are employed, 25 million are unemployed, and the remainder of the population is not in the labor force. Then, the unemployment rate is [Select] 9, the employment- population ratio is [Select ] , and the labor force participation rate (labor force divided by the civilian working-age population) is [Select]
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
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