Homework Answers
Answer - Labor force participation rate
= (177+8)/228*100
= 185/228*100
= 81.14 %
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1 pts Question 9 %. Report your answer as a percent. Given the numbers in the...
Jax is 45 years old and has been actively 1 pts Question 8 %. Report your...
Jax is 45 years old and has been actively 1 pts Question 8 %. Report your answer as a percent, with two Given the numbers in the following table, calculate the unemployment rate decimal places. For example, if you get 0.08546454, report 8.55. Working Age Population Civilian Labor Force Unemployed 246 million 179 million 6 million 1 pts Question 9 Rent your answer as a percent
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]
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the...
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016 . The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that...
in 2007 the us labor force was equal to thousands QUESTION 1 Refer to the data...
in 2007 the us labor force was equal to thousands
QUESTION 1 Refer to the data in the table to answer all of the questions that follow. All of the numbers are from the Bureau of Labor Statistics. The Civilian Noninstitutional Population' is defined as "persons 16 years of age and older residing in the 50 states and the District of Columbia who do not live in institutions (for example. correctional facilities, long-term care hospitals, and nursing homes) and who...
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...
Suppose an economy is given by: Population =219 million Working-age population =113 million Labor force =86...
Suppose an economy is given by: Population =219 million Working-age population =113 million Labor force =86 million The number of people employed =80 million The number of people unemployed =6 million The labor force participation rate for this economy is ______ %. (Enter your response rounded to one decimal place
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?
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...
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...
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions...
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using...
Jax is 45 years old and has been actively 1 pts Question 8 %. Report your answer as a percent, with two Given the numbers in the following table, calculate the unemployment rate decimal places. For example, if you get 0.08546454, report 8.55. Working Age Population Civilian Labor Force Unemployed 246 million 179 million 6 million 1 pts Question 9 Rent your answer as a percent
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]
The Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators.The following table presents information from the household surveys conducted for November 2017 and, for purposes of comparison, November 2016 . The numbers in the table are listed in thousands. For example, the number of unemployed in the table for November 2017 indicates that...
in 2007 the us labor force was equal to thousands
QUESTION 1 Refer to the data in the table to answer all of the questions that follow. All of the numbers are from the Bureau of Labor Statistics. The Civilian Noninstitutional Population' is defined as "persons 16 years of age and older residing in the 50 states and the District of Columbia who do not live in institutions (for example. correctional facilities, long-term care hospitals, and nursing homes) and who...
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...
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...
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...
be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using...
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