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If a country has 28.67 million people employed, a labor force of 30.66 million, and an...
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.)...
If there are 56 million unemployed and 200 million employed people in Country N, what is the labor force participation rate if Country N's total adult working-age population is 389 million people? (round your answer to the nearest 10th) Sorry, that's incorrect. Try again? labor force participation rate = 51.4%
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...
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?
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?
Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75% and unemployment rate of 8% How many people were employed? A. 2.76 Million B. 31.74 Million C.34.5 Million D.42.32 Million
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...
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...
2. The table below relates to the labor force classification of a particular country. Use the information to answer the questions that follows. Full-time employed 56 million Part-time employed 22 million Unemployed 12 million Not in the Labor Force 30 million Calculate the following: a. Labor Force b. Adult Population c. Unemployment rate d. Labor-Force participation rate e. If some of those actively looking for a job apparently give-up and become “discourage workers’. All else being the same, how would...
The African nation Mauritius estimates that in 2015 they had 584,600 people in their labor force, of whom 538,300 were employed. That means 46,300 people were unemployed. Additionally, 383,700 adults were not in the labor force. Calculate the labor force participation rate to the nearest hundredth. (Hint: Answer is percentage terms, so a 50% LFPR rate would be 50.00, not 0.50. Calculate the LFPR as (E+U)/(E+U+NILF)*100)