Labor Force is the sum of Employed and Unemployed people.
We have, Employed = $20 million
Unemployed = $2 million
Labor Force = $20 + $2 million = $22million
Option C is correct.
In a country with a working - age population of 30 million, 20 million are employed,...
In a country with a working-age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. If 500,000 of the unemployed are cyclically unemployed, what is the natural unemployment rate? Question 7 options: A) 7.5 percent B) 5.6 percent C) 8.3 percent D) 10.0 percent E) 2.5 percent
a) If in Canada the working-age population is 30 million, 18 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. Calculate the unemployment-rate (show the formula and your work). b) How is “unemployed” defined in Canada? 3c) If the unemployment rate calculated in part a) is considered “cyclical” what is likely happening to GDP? Describe the other two types of unemployment
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The working minus −age population includes A. only employed people over the age of 16. B. those in jails and hospitals. C. employed and unemployed people over the age of 16. D. people over the age of 16 who are in the Army. E. youngsters between the ages of 14 and 16 if they are working at least part time. 20.
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]
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Task 6. Total population of country X is 100 million, including: 24 million children under working age and disabled people, 30 million people have become discouraged after looking for work without success, and 4.6 million are unemployed. Calculate: a) total labour force; 46 b) unemployment level. 10%
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If the number of employed people is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is equal to what? SHOW YOUR WORK in the answer space below along with your answer. Hint: you can drop the million part when you do the math.
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is % (Round your answer...