In a country with a working-age population of 22 million, 18 million are employed, 2 million...
In a country with a working-age population of 22 million, 18 million are employed, 2 million are unemployed, and 1 million of the employed are working part-time, half of whom wish to work full-time. If 500,000 of the unemployed are cyclically unemployed, what is the natural unemployment rate?
Question 7 options:
|
A) 7.5 percent |
|
|
B) 5.6 percent |
|
|
C) 8.3 percent |
|
|
D) 10.0 percent |
|
|
E) 2.5 percent |
Homework Answers
Ans: C) 10.0 percent
Explanation:
Labor force = Total employed + Total unemployed
= 18 million + 2 million
= 20 million
Here , Total employed = Full time employed + Part time employed
Natural unemployment rate does not cosider cyclical unemployment.
Natural unemployment rate =(Total unemployed / Labor force ) * 100
= ( 2 / 20 ) * 100
= 0.1 * 100
= 10.0
Add Answer to:
In a country with a working-age population of 22 million, 18
million are employed, 2 million...
a) If in Canada the working-age population is 30 million, 18 million are employed, 2 million...
a) If in Canada the working-age population is 30 million, 18 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. Calculate the unemployment-rate (show the formula and your work). b) How is “unemployed” defined in Canada? 3c) If the unemployment rate calculated in part a) is considered “cyclical” what is likely happening to GDP? Describe the other two types of unemployment
In a country with a working - age population of 30 million, 20 million are employed,...
In a country with a working - age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, hall of whom wish to work full-time. The labour force is O A. 18 million OB. 16 million. OC. 22 million OD. 20 million. O E. 30 million
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
12) Assume the U.S. population is 300 million. If the working age population is 240 million,...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
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.
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...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 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 answer...
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...
6) Suppose the working-age population is 220 million, the labor force is 150 million, and the...
6) Suppose the working-age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. The number of unemployed people is A) 7 million B) 15 million. C) 22 million D) 37 million. E) 70 million.
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]
In a country with a working - age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, hall of whom wish to work full-time. The labour force is O A. 18 million OB. 16 million. OC. 22 million OD. 20 million. O E. 30 million
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
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.
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...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 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 answer...
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...
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]
Most questions answered within 3 hours.
-
Write a program to prompt the user for hours and rate per hour
using input to...
asked 22 seconds from now -
Hi, please help
1)Draw two molecules that could hydrogen bond with each other.
Draw and indicate...
asked 3 minutes ago -
Using Java, I created 3 files, Pizza,PizzaOrder, and
PizzaOrder_Demo that I attached down below. But I...
asked 2 minutes ago -
a. An 8-bit successive approximation ADC has a reference voltage
of 10 V. Calculate the resolution...
asked 12 minutes ago -
The distance between the two hydrogen nuclei in the H2 molecule
is 110 pm (picometer). How...
asked 14 minutes ago -
write an article about drone effect on
construction safety.
asked 17 minutes ago -
Consider the following data for a dependent variable y and two
independent variables, x1 and x2....
asked 1 hour ago -
what is the most likely shape for a distribution with a mean of
40 and a...
asked 28 minutes ago -
The work function, Φ0 (or W0), for cesium is 3.43×10−19 J. The
frequency of a photon...
asked 34 minutes ago -
18.54----At the surface of Venus the average temperature is a
balmy 460 ∘C due to the...
asked 33 minutes ago -
#1. A food has been ingested. Identify all of the anatomic
structures and substructures it travels...
asked 26 minutes ago -
Grommit Engineering expects to have net income next year of $
29.71 million and free cash...
asked 35 minutes ago