Macroeconomics
Question Employment
The following table represents the data for an economy in 2017
Category | Number (Millions) |
Labor Force | 420 |
Employed workers | 395 |
Working age population | 450 |
Population | 500 |
Frictional Unemployment | 1% |
Structural Unemployment | 2% |
Using the above table:
1. What is the “Not in Labor Force” value?
2. Calculate the unemployment rate?
3. What is the labor force participation rate value?
4. What is the employment to population ratio value?
5. What is the value of cyclical unemployment?
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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...
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need it as soon as posible today please. thanks
it is Macroeconomics
20) As per capita GDP has increased a) life expectancy has decreased b) rate of illiteracy has increased c) rate of infant mortality has increased d) amount of leisure time has increased in the US and other O countries, the 21) Which of the following will most likely occur during the a) real GDP rises, unemployment rate falls b) real GDP declines, inflation rate rises c) le of...
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