a. In a country, the adult population is 1200, 400 people have full-time job, 400 people...
a. In a country, the adult population is 1200, 400 people have full-time job, 400 people work as part-time worker, while 200 people are not employed but are looking for job. Calculate the unemployment rate.
b. Three months later, the adult population is still 1200, 400 people have full-time job, 400 people work as part-time worker. Bu the economic situation in that country continuous to perform badly, and 100 people later give up hope and do not find job, while another 100 people are still looking for job. Calculate the latest unemployment rate.
Homework Answers
A per son is unemployed if he doesn't have a job but is willing to find one and is actively looking for one
a) Total population is 1200 and 200 are looking for jobs but don't have it so the unemployment rate is 200/1200 x 100 = 16.67%
a) Total population is 1200, of which 100 are out of the labor force who have given up, and 100 are looking for jobs but don't have it so the unemployment rate is 100/1100 x 100 = 9.09%
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a. In a country, the adult population is 1200, 400 people have
full-time job, 400 people...
Suppose country A has a total population of 1200. There are 200 children and 1000 adults....
Suppose country A has a total population of 1200. There are 200 children and 1000 adults. Of the 1000 adults, 850 are employed. Of the remaining 150 adults, 100 are not employed but are actively seeking work, and the remaining 50 are not employed and not actively seeking work. a. calculate and interpret the labor force participation rate. b. Calculate the unemployment rate and interpret it. Suppose of the 100 individuals who are unemployed, 20 are in the middle of...
1) If a country has a population of 500 million, an adult working age population of...
1) If a country has a population of 500 million, an adult working age population of 300 million, and there are 160 million people employed and 40 million people looking for work, then its unemployment rate is A) 8% B) 13.33. C) 20% D) 25% E) none of the above. 2) If disposable income increases by $100 million, and consumption increases by $75 million, then the marginal propensity to consume is A) 0.9. B) 0.8. C) 0.75 D) 0.6. 3)...
Suppose the government of a small nation has provided the following data: Adult Population 692,000 Full-time...
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Suppose the government of a small nation has provided the following data: Adult Population Full-time Workers...
Suppose the government of a small nation has provided the following data: Adult Population Full-time Workers Part-time Workers Unemployed workers actively looking for work Unemployed workers who have become discouraged Part-time workers 16 and under Unemployed workers 16 and under actively looking for work 683,000 409,800 19,807 24.139 8.196 3,415 2,732 Instructions: Round your answers 2 decimal places. What is the labor force participation rate? percent What is the unemployment rate? O p ercent
9. LounchPad. An economy has 100 people divided among the folteoving groups: 25 have full-time jobs,...
9. LounchPad. An economy has 100 people divided among the folteoving groups: 25 have full-time jobs, 20 hare one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. a. Calculate the labor force and the labor-force participation rate unemployment rate. as measured by the...
. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would...
. The population of Willits is 100 people: 40 work full-time, 20 work half-time but would prefer to work fulltime, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired. a. How many people are in the labor force? b. How many people are unemployed?
2. The table below relates to the labor force classification of a particular country. Use the...
2. The table below relates to the labor force classification of a particular country. Use the information to answer the questions that follows. Full-time employed 56 million Part-time employed 22 million Unemployed 12 million Not in the Labor Force 30 million Calculate the following: a. Labor Force b. Adult Population c. Unemployment rate d. Labor-Force participation rate e. If some of those actively looking for a job apparently give-up and become “discourage workers’. All else being the same, how would...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one....
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Consider a small economy composed of six people: Yakov, Ana, Charles, Dina, Juanita, and Gilberto. Each...
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Calculate unemployment rate if adult population of the nation is 800 people of which 450 people...
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Suppose the government of a small nation has provided the following data: Adult Population Full-time Workers Part-time Workers Unemployed workers actively looking for work Unemployed workers who have become discouraged Part-time workers 16 and under Unemployed workers 16 and under actively looking for work 683,000 409,800 19,807 24.139 8.196 3,415 2,732 Instructions: Round your answers 2 decimal places. What is the labor force participation rate? percent What is the unemployment rate? O p ercent
9. LounchPad. An economy has 100 people divided among the folteoving groups: 25 have full-time jobs, 20 hare one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. a. Calculate the labor force and the labor-force participation rate unemployment rate. as measured by the...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
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