1. List the characteristics that must exist for one to be clasified as unemployed 2. How...
1. List the characteristics that must exist for one to be clasified as unemployed
2. How is the unemployment rate calculated, illustrate using the example: Total population 1550; Employed 750; discouraged workers 30; frictional unemployed 100; cyclical unemployed 130; structural unamployed 150; part time workers 75; marginally attached workers 80.
3. Define: structural unemployment, cyclical unmeployment and frictional unemployment.
4. Define the natural rate of unmeployment and what is the GDP gap if the level of unemployment is 4% above the natural rate ?
5. What is the duration of unemployment, and why is it important?
Homework Answers
Add Answer to:
1. List the characteristics that must exist for one to be
clasified as unemployed
2. How...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
1. In December 2005, the BLS estimated there were 7.4 million unemployed, 142.8 million employed (including...
1. In December 2005, the BLS estimated there were 7.4 million unemployed, 142.8 million employed (including 2.8 million involuntary part-time workers), 451,000 discouraged workers and 4.8 million people (including discouraged workers) who were marginally attached to the labor force. a. Calculate the headline (U-3) unemployment rate for December 2005. b. Calculate the unemployment rate for December 2005 if it had included among the unemployed all officially discouraged workers. c. Calculate the unemployment rate if it had included all those who...
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemploy...
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed...
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full 0.10 time What is the "headline" (U-3) unemployment rate? You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? For this question and the...
NAME Table 1: Employed 14.000 people Unemployed 3,000 people Not in the Labor Force 4,000 people...
NAME Table 1: Employed 14.000 people Unemployed 3,000 people Not in the Labor Force 4,000 people Refer to Table 1. The labor force equals A) 14,000 people. B) 17,000 people C) 18,000 people. D) 21,000 people will incre. er porma Refer to Table 1. The unemployment rate is A) 14.3% B) 16.7% C) 17.6% D) 25.0% ease ge. at? (11 Refer to l. The labor-force participation rate is A) 66.7% B) 75.0% C) 77,8% D) 80.9% dies fo this a...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT AND INFLATION 1 2. In order to be classified as unemployed, with the exception of workers who have been temporarily laid off and are waiting to report back to work, a person must a. not have worked during the survey week, be actively looking for work, and currently be available for work. b. have filed for unemployment compensation not have a job d. not...
2. the table below reports labor market data in the U.S in June 2009 (the end...
2. the table below reports labor market data in the U.S in June 2009 (the end of the last recession) and June 2016. the members are reported in millions of people. use the information in the table to answer the questions below. Enter your answer to two decimals places. june 2009 june 2016 labor force 155 159 unemployed 15 8 discouraged workers 8 5 work eligible population 235 253 Part 1: from june 2009 to june 2016, the unemployment rate...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
CYCLES, UNEPLOYMENT, and INFLATION WORKSHEET Student Full Name llica Sooz Days/Time Class Meets rate riven the...
CYCLES, UNEPLOYMENT, and INFLATION WORKSHEET Student Full Name llica Sooz Days/Time Class Meets rate riven the fellowing data for a country (numbers in millions) Institutionalized 50 "Actively-Seeking Work-10 Part-Time Workers- 80 Full-Time Workers-110 Retired Workers- 100 Under 16 years of Age-40 Discouraged Workers- 60 Calculation: Show All Work! 2. Caleulate the GDP Gap given the following data Use Okun's Law) Actual Unemployment Rate = 9,5 % Natural Rate of Unemployment 5 % 3. List the 4 phases of the business...
1. In December 2005, the BLS estimated there were 7.4 million unemployed, 142.8 million employed (including 2.8 million involuntary part-time workers), 451,000 discouraged workers and 4.8 million people (including discouraged workers) who were marginally attached to the labor force. a. Calculate the headline (U-3) unemployment rate for December 2005. b. Calculate the unemployment rate for December 2005 if it had included among the unemployed all officially discouraged workers. c. Calculate the unemployment rate if it had included all those who...
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full 0.10 time What is the "headline" (U-3) unemployment rate? You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? For this question and the...
NAME Table 1: Employed 14.000 people Unemployed 3,000 people Not in the Labor Force 4,000 people Refer to Table 1. The labor force equals A) 14,000 people. B) 17,000 people C) 18,000 people. D) 21,000 people will incre. er porma Refer to Table 1. The unemployment rate is A) 14.3% B) 16.7% C) 17.6% D) 25.0% ease ge. at? (11 Refer to l. The labor-force participation rate is A) 66.7% B) 75.0% C) 77,8% D) 80.9% dies fo this a...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT AND INFLATION 1 2. In order to be classified as unemployed, with the exception of workers who have been temporarily laid off and are waiting to report back to work, a person must a. not have worked during the survey week, be actively looking for work, and currently be available for work. b. have filed for unemployment compensation not have a job d. not...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
CYCLES, UNEPLOYMENT, and INFLATION WORKSHEET Student Full Name llica Sooz Days/Time Class Meets rate riven the fellowing data for a country (numbers in millions) Institutionalized 50 "Actively-Seeking Work-10 Part-Time Workers- 80 Full-Time Workers-110 Retired Workers- 100 Under 16 years of Age-40 Discouraged Workers- 60 Calculation: Show All Work! 2. Caleulate the GDP Gap given the following data Use Okun's Law) Actual Unemployment Rate = 9,5 % Natural Rate of Unemployment 5 % 3. List the 4 phases of the business...
Most questions answered within 3 hours.
-
a bottle cap manufacturer with four machines and six operators
wants to see if variation in...
asked 19 minutes ago -
State Farm Insurance studies show that in Colorado, 55% of the
auto insurance claims submitted for...
asked 1 hour ago -
Complete the following reactions which form ethers (A
and B) and cyclic ethers (C-E) as major...
asked 1 hour ago -
in a perfectly elastic collision what is the velocity of ball A
if the original direction...
asked 1 hour ago -
PLEASE ANSWER ALL
1) The pressure of the atmosphere decreases with increasing
altitude in the
Choose...
asked 2 hours ago -
A simple random sample of 25,000 individuals are surveyed in
order to determine the prevalence of...
asked 2 hours ago -
People who do very detailed work close up, such as jewelers,
often can see objects clearly...
asked 2 hours ago -
14 years ago, Blue Lake Corp. issued 30 year to maturity
zero-coupon bonds with a par...
asked 2 hours ago -
Warnerwoods Company uses a perpetual inventory system. It
entered into the following purchases and sales transactions...
asked 1 hour ago -
Equivalent Units of Conversion Costs
The Rolling Department of Oak Ridge Steel Company had 6,842 tons...
asked 2 hours ago -
what does the concept of "core competence" mean? why
is this concept important? How would you...
asked 2 hours ago -
__________ is a type of visualization that is linked to strategy
and used within a formal...
asked 2 hours ago