Homework Answers
Unemployment rate=Unemployed/Employed+Unemployed
unemployment rate=10/190+10=10/200=0.05
Unemployment rate=5%
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If the number of employed people is 190 million, the working-age population is 230 million, and the number unemploy...
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 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
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...
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
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...
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
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
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...
QUESTION 18 The labor force is the number of employed people plus the number of unemployed...
QUESTION 18 The labor force is the number of employed people plus the number of unemployed people. total population divided by the number of employed people. number of employed people in the working-age population. number of employed people minus the number of unemployed people. 2 points QUESTION 19 Category Number of People (Millions) Total Population 300 Working-Age Population 220 Labor Force 145 Employed Workers 140 Calculate the unemployment rate. (Round to two decimal places) Calculate the Labor Force Participation...
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...
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...
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
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...
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