Homework Answers
Ans. The incorrect statement is D.
because the working age population is derived from the age group from 15 - 64 yrs old and those who are willing to work and not been discouraged or stopped looking for job.
Ans other options given here are correct ,
As, unemployment rate = No . of unemployed / Labor force
Labor Force = Total Labor force ( employed + unemployed )/ working age population
Labor force = employed + unemployed
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Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number...
QUESTION 18 The labor force is the number of employed people plus the number of unemployed...
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...
suppose the number of employed people in an economic is 312,545372. the unemployment rare in this...
suppose the number of employed people in an economic is 312,545372. the unemployment rare in this economic is 7.4 percent or 074 and the labor force participation rate is 80 percent or 80. what is the size of the labor force. how many people are unemployed. what is the size of the working age population.
help Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment...
help
Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in this economy is 7.4 percent, or 074, and the labor force participation rate is 80 percent, or 80. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? On og notion in Eurone nay higher unemployment
Calculating Unemployment Given the following information about a country’s population, answer the questions which foll...
Calculating Unemployment Given the following information about a country’s population, answer the questions which follow. Make sure you show all of your calculations. 1987 1992. Non-institutionalized, civilian, 182,753,000 191,576,000 Adult population Employed persons 112,440,000 117,598,000 Unemployed persons 7,425,000 9,384,000 What was the employment rate in 1992? __________ What was the labor force participation rate in 1987? ___________ What was the labor force participation rate in 1992? ___________ Explain how the unemployment rate can increase even if the...
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 e...
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...
D D. underemployed 10 If the unemployment rate is 8 percent, then this means O A....
D D. underemployed 10 If the unemployment rate is 8 percent, then this means O A. 8 percent of the population is unemployed. B. 8 percent of the population age over sixteen is unemployed O c. 8 percent of the labor force is unemployed. D D. the number of unemployed persons equals 8 percent of the employed persons. 1 po If the number of employed persons in a country equals 24 million, the number of unemployed persons equals & millio...
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...
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor...
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people. How many million people are unemployed?
5. Find the labor force participation rate and unemployment rate given the following information about an...
5. Find the labor force participation rate and unemployment rate given the following information about an economy: Population (working age) 120 Labor Force 80 PLEASE JUST ANSWER THE QUESTION 6. # Employed 70 Assume in the problem above 5 of the unemployed became discouraged workers. Calculate new official unemployment rate in this economy. Comment on your finding.
I need response to this question <1> unemployment rate in year 1 = (7.2 million/120 million)...
I
need response to this question
<1> unemployment rate in year 1 = (7.2 million/120 million) x 100 = 6 percent unemployment rate in year 2 = (6.7 million/119.5 million)x100 = 5.6 percent <2> the number of people employed in year 1 = 120 million-7.2 million = 112.8 million the number of people employed in year 2 = 119.5 million-6.7 million = 112.8 million <3> the labor force participation rate in year 1 = (120 million/200million) x 100 = 60...
help
Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in this economy is 7.4 percent, or 074, and the labor force participation rate is 80 percent, or 80. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? On og notion in Eurone nay higher unemployment
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...
D D. underemployed 10 If the unemployment rate is 8 percent, then this means O A. 8 percent of the population is unemployed. B. 8 percent of the population age over sixteen is unemployed O c. 8 percent of the labor force is unemployed. D D. the number of unemployed persons equals 8 percent of the employed persons. 1 po If the number of employed persons in a country equals 24 million, the number of unemployed persons equals & millio...
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...
Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people. How many million people are unemployed?
I
need response to this question
<1> unemployment rate in year 1 = (7.2 million/120 million) x 100 = 6 percent unemployment rate in year 2 = (6.7 million/119.5 million)x100 = 5.6 percent <2> the number of people employed in year 1 = 120 million-7.2 million = 112.8 million the number of people employed in year 2 = 119.5 million-6.7 million = 112.8 million <3> the labor force participation rate in year 1 = (120 million/200million) x 100 = 60...
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