Homework Answers
Sol :
A.) Labour force is the force which includes both employed and unemployed people.
So , Labour force = 5905 + 462 = 6367
B.) Labour force participation rate =
Labour Force / Total Population
= (6367/6948)*100
= 91.63%
C.) Unemployment rate =
(unemployed people/labour force) x 100
= (462/6367) x 100
= 7.25%
D.) New labour force = 5905 + 206 = 6111
(Note : Labour force does not include those who stopped looking for job)
[As per the policy we have to solve only 4 subparts of the question. So , for remaining question , as in the separate post.]
Add Answer to:
Mesources C Give Up? The table shows employment statistics for a fictional country. Use the information...
The table shows employment statistics for a fictional country. Use the information to answer the questions.
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. What is the total labor force? What is the labor force participation mate? What is the unemployment rate? Suppose 286 of the 462 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? What is the new unemployment rate?
The table shows employment statistics for a fictional country. Use the information to answer the questions.
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. What is the total labor force? What is the labor force participation rate? What is the unemployment rate? Suppose 286 of the 482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? What is the new unemployment rate?
inment Score: 24.5% Resources Hint Check Answer < Question 6 of 20 > The table shows...
inment Score: 24.5% Resources Hint Check Answer < Question 6 of 20 > The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5905 Unemployed 452 Not in the labor force 561 What is the total labor force? 6357 What is the labor force participation rate? 91.89 What is the unemployment rate? 7.11 Suppose 266 of the 452 unemployed people have been...
The table below shows the population and employment data for Gilead, a country with a total...
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?
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information...
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information in the table to answer the related questions. For the percentages, round your answers to two decimal places. Number of employed people Number of unemployed people Total population over age 16 342,425 25,283 405,999 What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: out of labor force: C What...
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of...
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
QUESTION 42 Look at the table Unemployment and Employment Data. Find the unemployment rate for this...
QUESTION 42 Look at the table Unemployment and Employment Data. Find the unemployment rate for this economy. (Show Your Work) HINT: If you have given up looking for job or if you are retired you are not neither part of Labor force nor part of unemployed people. Unemployment and Employment Data in Millions Population 170 Employed 95 Unemployed and Looking for work 5 Give up Looking for work. 3 Retired 30
10. Measuring employment, unemployment, and tabor force participation
10. Measuring employment, unemployment, and tabor force participationConsider a small economy composed of six people: Raphael, Susan, Alex, Becky, Eileen, and Clancy. Each person's employment status is described in the following table.Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the tabor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian...
You are given the following information, in millions of persons.
You are given the following information, in millions of persons. Total Population 302 Civilian Non-Institutional Population ≥ 16 243Employed 151Unemployed 14 1. What is the U3 unemployment rate (one decimal place)? 2. What is the labor force participation rate (one decimai place)? 3. What is the employment-population-ratio? Suppose 6 million of the unemployed become discouraged and give up looking. 4. What is the new value of the labor force participation rate? 5. What is the new value of the U3 unemployment rate?
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the...
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information in the table to answer the related questions. Number of employed people Number of unemployed people Total population over age 16 335,915 25,773 405,999 For the percentages, round your answers to two decimal places. What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: What is the unemployment rate? unemployment:...
inment Score: 24.5% Resources Hint Check Answer < Question 6 of 20 > The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5905 Unemployed 452 Not in the labor force 561 What is the total labor force? 6357 What is the labor force participation rate? 91.89 What is the unemployment rate? 7.11 Suppose 266 of the 452 unemployed people have been...
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?
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information in the table to answer the related questions. For the percentages, round your answers to two decimal places. Number of employed people Number of unemployed people Total population over age 16 342,425 25,283 405,999 What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: out of labor force: C What...
QUESTION 42 Look at the table Unemployment and Employment Data. Find the unemployment rate for this economy. (Show Your Work) HINT: If you have given up looking for job or if you are retired you are not neither part of Labor force nor part of unemployed people. Unemployment and Employment Data in Millions Population 170 Employed 95 Unemployed and Looking for work 5 Give up Looking for work. 3 Retired 30
10. Measuring employment, unemployment, and tabor force participationConsider a small economy composed of six people: Raphael, Susan, Alex, Becky, Eileen, and Clancy. Each person's employment status is described in the following table.Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the tabor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian...
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information in the table to answer the related questions. Number of employed people Number of unemployed people Total population over age 16 335,915 25,773 405,999 For the percentages, round your answers to two decimal places. What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: What is the unemployment rate? unemployment:...
Most questions answered within 3 hours.
-
In
EXCEL VBA:
How would I manage to do this in VBA?
The assignment is in...
asked 11 minutes ago -
what is the statistical probability of 2 caucasians
having identical STR profiles
asked 9 minutes ago -
A wheel with a radius of 0.5m starts to rotate from rest and
reaches full speed...
asked 14 minutes ago -
Why are short bones well suited to an area like the wrist? Why
are long bones...
asked 25 minutes ago -
A uniform disk with mass m = 9.04 kg and radius R = 1.35 m lies...
asked 30 minutes ago -
Two dogs pull horizontally on ropes attached to a
post; the angle between the ropes is...
asked 44 minutes ago -
You are still fascinated by the process of inkjet printing, as
described in the opening storyline...
asked 42 minutes ago -
How do employees evaluate the fairness of an authority's
decision making?
asked 28 minutes ago -
What can we observe during the cake filtration of
suspensions?
asked 37 minutes ago -
What does the grounding mean especially at EMI point of
view?
asked 44 minutes ago -
With which of the following anions will the lithium ion form an
insoluble salt?
a) sulfate,...
asked 40 minutes ago -
What would be the minimum sample size for an independent samples
t-test with a small effect...
asked 1 hour ago