Homework Answers
The unemployment rate = [number of unemployed person/total labour force]x100
here total labour force is those who are wrking and who are not working but looking for jobs actively thus the labour force is = 300+16+8=324 million workers
unemployed workers are those who are unemployed and actively looking for jobs , there is an exception those who are temporalirily out of job market due to some reasons are also considered as unemployed , thus total unemployed = 16+8 = 24 millions workers
Thus unemployment rate in the economy is = [24/324]x100 = 7.4 percent.
Add Answer to:
In an economy, the working-age population is 400 million. Of this total, 300 million workers are...
In an economy, the working-age population is 400 million. Of this total, 320 million workers are...
In an economy, the working-age population is 400 million. Of this total, 320 million workers are employed. 12 million workers are unemployed. 56 million workers are not available for work (homemakers, full-time students, etc.). 8 million workers are available for work but are discouraged and thus are not seeking work. 4 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...
In an economy, the working-age population is 200 million of this total, 150.0 million workers are...
In an economy, the working-age population is 200 million of this total, 150.0 million workers are employed. 8.0 million workers are unemployed. 32.0 million workers are not available for work (homemakers, full-time students, etc.) 6.0 million workers are available for work but are discouraged and thus are not seeking work. 4.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor force participation rate in this economy is %. (Round...
Help me solve this with a solution. Thank you. In an economy, the working-age population is...
Help me solve this with a
solution. Thank you.
In an economy, the working-age population is 400 million. Of this total, 300.0 million workers are employed. 16.0 million workers are unemployed. 64.0 million workers are not available for work (homemakers, full-time students, etc.). 12.0 million workers are available for work but are discouraged and thus are not seeking work. 8.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor...
I need some help completing this exercise on unemployment and inflation and labor force participation In...
I
need some help completing this exercise on unemployment and
inflation and labor force participation
In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million workers are unemployed 56.0 million workers are not available for work (homemakers, full-time students, etc.) 8.0 million workers are available for work but are discouraged and thus are not seeking work 4.0 million workers are available for work but are not currently seeking work due to...
Consider the following data for an economy in 2018: Full-time employed workers Part-time employed workers Unemployed...
Consider the following data for an economy in 2018: Full-time employed workers Part-time employed workers Unemployed workers but discouraged from job search Unemployed workers but actively seeking jobs Employed workers in the underground 85 million 20 million 5 million 12 million 7 million economy Retirees, full-time students, and stay- home parents 8 million (a) With the data above, clearly show your steps and calculate the economy's unemployment rate. (b) Briefly discuss three (3) criticisms or shortcomings of the United States'...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate:...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
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]
12) Assume the U.S. population is 300 million. If the working age population is 240 million,...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
Find the working-age population, labor force, number of employed workers, and number of unemployed workers. Ellen...
Find the working-age population, labor force, number of
employed workers, and number of unemployed workers.
Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate | 56% | Participation rate 62.5% Not in the labor force61.5 million Find the working-age population, the labor force, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses rounded to...
a) If in Canada the working-age population is 30 million, 18 million are employed, 2 million...
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
In an economy, the working-age population is 400 million. Of this total, 320 million workers are employed. 12 million workers are unemployed. 56 million workers are not available for work (homemakers, full-time students, etc.). 8 million workers are available for work but are discouraged and thus are not seeking work. 4 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...
In an economy, the working-age population is 200 million of this total, 150.0 million workers are employed. 8.0 million workers are unemployed. 32.0 million workers are not available for work (homemakers, full-time students, etc.) 6.0 million workers are available for work but are discouraged and thus are not seeking work. 4.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor force participation rate in this economy is %. (Round...
Help me solve this with a
solution. Thank you.
In an economy, the working-age population is 400 million. Of this total, 300.0 million workers are employed. 16.0 million workers are unemployed. 64.0 million workers are not available for work (homemakers, full-time students, etc.). 12.0 million workers are available for work but are discouraged and thus are not seeking work. 8.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor...
I
need some help completing this exercise on unemployment and
inflation and labor force participation
In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million workers are unemployed 56.0 million workers are not available for work (homemakers, full-time students, etc.) 8.0 million workers are available for work but are discouraged and thus are not seeking work 4.0 million workers are available for work but are not currently seeking work due to...
Consider the following data for an economy in 2018: Full-time employed workers Part-time employed workers Unemployed workers but discouraged from job search Unemployed workers but actively seeking jobs Employed workers in the underground 85 million 20 million 5 million 12 million 7 million economy Retirees, full-time students, and stay- home parents 8 million (a) With the data above, clearly show your steps and calculate the economy's unemployment rate. (b) Briefly discuss three (3) criticisms or shortcomings of the United States'...
2. Labor Force Participation 75 % #Unemployed =50 million #Working Age Population 200 Million A) Calculate: #Employed, #Labor Force, #Not in Labor Force and Unemployment Rate B) If the economy was in recession and is now starting an expansion would we expect unemployment to increase or decrease? Which types of unemployment should change? C) The next unemployment numbers are reported and unemployment rises, is this consistent with your estímate in B? Explain why the increase in unemployment may be due...
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]
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
Find the working-age population, labor force, number of
employed workers, and number of unemployed workers.
Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate | 56% | Participation rate 62.5% Not in the labor force61.5 million Find the working-age population, the labor force, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses rounded to...
Most questions answered within 3 hours.
-
If the momentum of a system is conserved, is the momentum of
each particle in the...
asked 1 hour ago -
What does Socrates defense reveal about the values he lives by?
What matters most to Socrates?
asked 1 hour ago -
A sample of ore containing manganese weighed 1.2354 grams. This
sample was heated in a solution...
asked 2 hours ago -
In JAVA please (need answers in a few hours!)
Exercise #2: Design and implement a program...
asked 5 hours ago -
The mass spectrum of an organic compound shows the relative
abundances of M to be 53.76%...
asked 6 hours ago -
Coca Cola’s strategy of “think local, act local” represents a
__________ approach.
Question options:
1)
transnational...
asked 6 hours ago -
which of the following is not a category of project management
risk?
a) external
b) internal...
asked 7 hours ago -
Focus on Critical Thinking: Are citizen suit provisions an
effective way to achieve environmental objectives? Do...
asked 7 hours ago -
Gaseous butane CH3CH22CH3 will react with gaseous oxygen O2 to
produce gaseous carbon dioxide CO2 and...
asked 8 hours ago -
Required to construct counters using synchronous sequential
logic. Use one hex digit to display the result....
asked 8 hours ago -
(Ultra) Large-Scale Systems –Characteristics?
explain in detail
How the nature of an enterprise affect complex...
asked 8 hours ago -
Some of the antibiotic susceptible strains show colonies within
the clear zone. What it does this...
asked 8 hours ago