Homework Answers
Ans.
Employed People = 67 million
Unemployed people = 3 million
Total Labor Force = Employed People + Unemployed people
= 67 + 3 = 70 million
Unemployment Rate = unemployed people / Total labor force x 100
= 3 / 70 x 100 = 4.28571 % or 4.29% ( approx. value rounded of to 2 decimal points.)
------------------------------------------------------------------------------------------------
Add Answer to:
n 2 0 out of 10 pc In an economy, there are 67 million of employed...
In an economy, there are 61 million of employed people, 4 million of unemployed people, and...
In an economy, there are 61 million of employed people, 4 million of unemployed people, and the population is 109 million. What is the unemployment rate? Express your answer as percentages rounded to 2 decimals if necessary (i.e. 23.567% should be written as 23.57)
QUESTION 6 Save Answer Suppose last year, there are 122 million people employed in the economy....
QUESTION 6 Save Answer Suppose last year, there are 122 million people employed in the economy. The total population last year was 209 and the unemployment rate was 6.5%. How many millions of people are not in the labor force? Round your answer to 2 digits after the decimal point. Leave out the unit of measurement, that is, if your answer is 1.23 millions, type 1.23, not "1.23 millions", not 1,230,000.
If the number of employed people is 190 million, the working-age population is 230 million, and the number unemploy...
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.
If there are 56 million unemployed and 200 million employed people in Country N, what is...
If there are 56 million unemployed and 200 million employed people in Country N, what is the labor force participation rate if Country N's total adult working-age population is 389 million people? (round your answer to the nearest 10th) Sorry, that's incorrect. Try again? labor force participation rate = 51.4%
33. (10 pts) You are given the following statistics about the economy in Pawnee, Indiana: Total...
33. (10 pts) You are given the following statistics about the economy in Pawnee, Indiana: Total population: 457 million Full-time Employed: 126 million Partitime Employed: 102 million Military Service: 18 million Institutionalized: 6 million Population under age 16: 85 million Unemployed: 19 million Answer the following questions to one decimal point. Show your work a. What is the unemployment rate? 19 h = .054 = S.Sul 398 b. How many people are in the labor force? 228 millia c. What...
Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time...
Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time employed - 2 million Structural and Frictional unemployed 0.4 million Hidden unemployment 0.2 million The number of the workforce experiencing cyclical unemployment is : A. 0.6 million B. 2.4 million C. 10 million D. 10.6 million Explain your answer
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...
1. In an economy, 2 percent of the employed lose their job every month (s =...
1. In an economy, 2 percent of the employed lose their job every month (s = 0.02) and 10 percent of the unemployed find a job every month (f = 0.10). a. What is the steady-state rate of unemployment? b. If the economy were at a steady-state unemployment rate and the labour force were 20 million, how many individuals would lose their jobs each month? Suppose the GDP growth rate is 6 percent and inflation is 2 percent. If the...
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...
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million...
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million Not in Labor Force 85 million Discouraged workers 2 million Involuntary part-time workers 8 million Unemployed 15 million Employed 150 million a. Compute the labor force participation rate. (2pts) b. Compute the official unemployment rate (U-3). (2pts) c. Suppose that 2 million jobless people (i.e., unemployed) suddenly quit looking for a job. How does it affect the labor force participation rate and the official...
QUESTION 6 Save Answer Suppose last year, there are 122 million people employed in the economy. The total population last year was 209 and the unemployment rate was 6.5%. How many millions of people are not in the labor force? Round your answer to 2 digits after the decimal point. Leave out the unit of measurement, that is, if your answer is 1.23 millions, type 1.23, not "1.23 millions", not 1,230,000.
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.
If there are 56 million unemployed and 200 million employed people in Country N, what is the labor force participation rate if Country N's total adult working-age population is 389 million people? (round your answer to the nearest 10th) Sorry, that's incorrect. Try again? labor force participation rate = 51.4%
33. (10 pts) You are given the following statistics about the economy in Pawnee, Indiana: Total population: 457 million Full-time Employed: 126 million Partitime Employed: 102 million Military Service: 18 million Institutionalized: 6 million Population under age 16: 85 million Unemployed: 19 million Answer the following questions to one decimal point. Show your work a. What is the unemployment rate? 19 h = .054 = S.Sul 398 b. How many people are in the labor force? 228 millia c. What...
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...
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...
Q2. From the data below, answer the following questions. Show your work. Working-age population 250 million Not in Labor Force 85 million Discouraged workers 2 million Involuntary part-time workers 8 million Unemployed 15 million Employed 150 million a. Compute the labor force participation rate. (2pts) b. Compute the official unemployment rate (U-3). (2pts) c. Suppose that 2 million jobless people (i.e., unemployed) suddenly quit looking for a job. How does it affect the labor force participation rate and the official...
Most questions answered within 3 hours.
-
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 34 minutes ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 1 hour ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 2 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 2 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 2 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 3 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 4 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 4 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 4 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 4 hours ago -
Why are polymers not typically casted into products?
asked 4 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 4 hours ago