Homework Answers
Answer : The answer is option A.
Labor force = Employed workers + Unemployed workers = 100 + 40 = 140
Labor force participation rate = [Labor force / Population (16 years and over)] * 100
=> Labor force participation rate = [140 / 225] * 100 = 62%
Therefore, option A is correct.
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This Question: 1 pt 17 of 64 (4 complete) Number (millions) Category Discouraged workers Unemployed workers Employe...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurall...
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 Please calculate the labor force participation rate. What is the "headline" (U-3) unemployment rate?
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...
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.
2. Discouraged workers following statements correctly describe discouraged workers? (If none of the choices apply...
2. Discouraged workers following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all Which of the that apply. They have given up on looking for a job. They are dissatisfied with their current jobs and are e considering quitting. They are full-time workers who would like to work only part-time. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S....
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.
Number of people (millions) 14 Category Institutionalized Full-time workers Less than 16 years of age Armed...
Number of people (millions) 14 Category Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Population Looking for work 113 40 20 27 314 16 Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.)
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are dissatisfied with their current jobs and are considering quitting. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. The following table contains U.S. employment...
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...
The data in this table is used in questions 1-6. Category Millions total population 310 population...
The data in this table is used in questions 1-6. 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 In this table you'll find numbers for the discouraged workers and the marginally attached. Do the values above make sense -- could they happen in an...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a...
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...
2. Discouraged workers following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all Which of the that apply. They have given up on looking for a job. They are dissatisfied with their current jobs and are e considering quitting. They are full-time workers who would like to work only part-time. They are counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S....
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.
Number of people (millions) 14 Category Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Population Looking for work 113 40 20 27 314 16 Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.)
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are dissatisfied with their current jobs and are considering quitting. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. The following table contains U.S. employment...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a...
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