Homework Answers
Working age population includes people who are willing to work at given wage rate and also lies under the working age of the nation. Working age population does not include children and retired persons. Therefore,
Working age population = 56 + 14+ 21 + 18 + 18 + 15 = 142.
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Krono's economy has the population divided among the following groups: 56 have full-time jobs, 14 have...
Krono's economy has the population divided among the following groups: 63 have full-time jobs, 9 have...
Krono's economy has the population divided among the following groups: 63 have full-time jobs, 9 have one part-time job, 9 have two part-time jobs, 15 would like to work and are looking for jobs, 14 would like to work but are so discouraged they have given up looking, 19 are running their own businesses, 15 are retired, and 31 are small children. Calculate the labor force.
ions Krono's economy has the population divided among the following groups: 71 have full-time jobs, 13...
ions Krono's economy has the population divided among the following groups: 71 have full-time jobs, 13 have one part-time job, 11 have two part-time jobs, 18 would like to work and are looking for jobs, 13 would like to work but are so discouraged they have given up looking, 14 are running their own businesses, 6 are retired, and 35 are small children. Calculate the unemployment rate. Round to the nearest two decimal place. cover ng Online
9. LounchPad. An economy has 100 people divided among the folteoving groups: 25 have full-time jobs,...
9. LounchPad. An economy has 100 people divided among the folteoving groups: 25 have full-time jobs, 20 hare one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. a. Calculate the labor force and the labor-force participation rate unemployment rate. as measured by the...
An economy has 200 million people divided among the following groups; 50 million have full time...
An economy has 200 million people divided among the following groups; 50 million have full time jobs, 20 million have one part-time job, 40 million have two part-time jobs, 30 million would like to work and are looking for jobs, 10 million would like to work but are so discouraged they have given up looking, 10 million are running their own business, 10 million are retired, and 30 million are small children. a. What is the size of the labor...
. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would...
. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would prefer to work fulltime, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired. a. How many people are in the labor force? b. How many people are unemployed?
1. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would...
1. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would prefer to work full- time, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired. a. How many people are in the labor force? b. How many people are unemployed? 2. Suppose Congress passes a law requiring employers to...
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table...
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table I. The unemployment rate for this simple economy equals A) (100/1,000) x 100. B) (100/1,100) x 100. C) (100/15,000) * 100. D) (100/20,000) 100. 3) Refer to Table 1. The labor force participation rate for this simple economy equals A) (1,000/1,100) x 100. B) (1,000/15,000) 100. C) (1,100/15,000) x 100. D) (1,100/20,000) * 100. 4) Suppose the working-age population of a fictional economy falls...
You have been asked to help the mayor analyze survey results. 70 have full time jobs,...
You have been asked to help the mayor analyze survey results. 70 have full time jobs, and 20 are working part time. 12 people are not working and are interviewing daily and 17 people are students who are not looking for a job and 5 people were looking but have finally given up. Based on this how many people are not in the labor force? ____________.
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...
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these,...
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 million are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked...
Krono's economy has the population divided among the following groups: 63 have full-time jobs, 9 have one part-time job, 9 have two part-time jobs, 15 would like to work and are looking for jobs, 14 would like to work but are so discouraged they have given up looking, 19 are running their own businesses, 15 are retired, and 31 are small children. Calculate the labor force.
ions Krono's economy has the population divided among the following groups: 71 have full-time jobs, 13 have one part-time job, 11 have two part-time jobs, 18 would like to work and are looking for jobs, 13 would like to work but are so discouraged they have given up looking, 14 are running their own businesses, 6 are retired, and 35 are small children. Calculate the unemployment rate. Round to the nearest two decimal place. cover ng Online
9. LounchPad. An economy has 100 people divided among the folteoving groups: 25 have full-time jobs, 20 hare one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. a. Calculate the labor force and the labor-force participation rate unemployment rate. as measured by the...
1. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would prefer to work full- time, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired. a. How many people are in the labor force? b. How many people are unemployed? 2. Suppose Congress passes a law requiring employers to...
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table I. The unemployment rate for this simple economy equals A) (100/1,000) x 100. B) (100/1,100) x 100. C) (100/15,000) * 100. D) (100/20,000) 100. 3) Refer to Table 1. The labor force participation rate for this simple economy equals A) (1,000/1,100) x 100. B) (1,000/15,000) 100. C) (1,100/15,000) x 100. D) (1,100/20,000) * 100. 4) Suppose the working-age population of a fictional economy falls...
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...
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 million are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked...
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