1.  Suppose you are given the following data for a small economy: Number of unemployed workers: 1,000,000.  Labor force: 10,000,000. Based on this data, answer the following: What is the unemployment rate? Can you determine whether the economy is operating at its full employment level? Now suppose people who had been seeking jobs become discouraged, and give up their job searches. The labor force shrinks to 900,500 workers, and unemployment falls to 500,000 workers. What is the unemployment rate now? Has the economy improved??

Q: Suppose an economy has 10,000 people who are not working but looking and available for work and…

A: The labor market of the economy determines the equilibrium wage rate and the number of individuals…

Q: Below are some hypothetical statistics for a country in September 2020. Compute the unemployment…

A: Labor Force in an economy refers to the sum total of both employed and unemployed people.…

Q: 1-Which of the following is an example of frictional unemployment? A mother who has gone back to…

A: Let's first learn about frictional unemployment. It is a type of Economy which can even take place…

Q: 1- List the conditions that should be applied in order to consider any person as unemployed.

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Q: The table shows employment statistics for a fictional country. Use the information to answer the…

A: People who are working or a have are considered employed. People who are looking for a job and are…

Q: If the number of people classified as unemployed is 20,000 and the number of people classified as…

A: The formula for unemployment rate is Unemployment rate = (Unemployed People / Labor Force) * 100…

Q: QUESTION 43 If the population of a country is 1,000,000 people, its labor force consists of 500,000,…

A: Since you have asked multiple questions, we will solve first question for you. In case you want any…

Q: What and when was the highest value of the unemployment rate?  What was the approximate value of the…

A: Since we answer maximum 3 subparts at a time the first 3 subparts will be answered here. Please…

Q: 1. Give an example to illustrate how the economy can operate below the natural unemployment rate.

A: Natural Rate of Unemployment is the lowest level of unemployment rate that a growing and healthy…

Q: Below are the direct consequences of unemployment EXCEPT?     Negative impact on government…

A: Unemployment refers to a situation in which all those people who are willing to work at the existing…

Q: Paul and Mary wanted to get married, and they wished to purchase a house for the new family.…

A: Inflation is the overall rose in the general price level in an economy. It shows the rise in the…

Q: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up…

A: In an economy, among the adult population, not all the individuals are counted in the labor force…

Q: 12. At the start of a recovery following a recession, employment begins to rise, and the news media…

A: Correct : rise or fall

Q: 26. Given the following macroeconomic data of a hypothetical economy: - number of individuals who…

A: Labor force = employed+unemployed

Q: 7. Suppose that the unemployment rate in a country decreases from 5% to 4%. Has the employment and…

A: In economic terms, employment refers to the condition of having or being employed.If someone must be…

Q: 7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 3.In 1993, the U.S. population was 256,394,000, of whom 192,690,000 were age 16 or over. Th Labor…

A:

Q: 9. Suppose in an economy Emmaland, the Beveridge curve can be described as v = p β − u 2 , where u…

A: A Beveridge curve, sometimes known as a UV curve, is a graph that depicts the link between…

Q: 8. After experiencing a recession for the past two years, the residents of Albernia were looking…

A: The unemployment rate is defined as the proportion of the total labor force (includes both employed…

Q: Question 1 – Below are some hypothetical statistics for a country in September 2020. Compute the…

A: Given data, Population                        1, 650, 200   Working-age population   1, 115,776…

Q: 25. Which of the following is the formula for calculating the unemployment rate? a. (Number of…

A: Labor force = employed+unemployed

Q: 1.  Suppose you are given the following data for a small economy: Number of unemployed workers:…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

Q: Graph an economy which suffers a negative supply shock. How does this effect inflation…

A: Supply shocks are the changes in supply of a good which can change price and output level Negative…

Q: Q6. Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in…

A: Given,  employed= 312,545,372. unemployment rate = 7.4 percent, or .074. the labor force…

Q: Calculate unemployment rate and labor force participation rate for both 2020 and 2021 given the…

A: The labor force is also known as the workforce. It includes both employed as well as unemployed…

Q: 7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54…

A: The unemployment rate is a useful measure of the underutilization of the labor supply. The…

Q: Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: State an example of one thing that will cause the unemployment to rise, but not the natural rate of…

A: The natural unemployment rate is the rate of unemployment that would exist in a healthy, growing…

Q: if there is an increase of unemployment rate in the labor market, what would you recommend as a set…

A: Unemployment is a phrase that refers to those who are employable and actively looking for work but…

Q: 1. If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment…

A: The natural rate of unemployment. Answer: The main types of unemployment include the cyclical,…

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: Employment rate = employed people / labor force  unemployment rate = unemployed / labor force labor…

Q: The data of unemployment is given below: - Employed population is 42.5million - Participation rate…

A: Labor force is the sum of employed and unemployed people. Employed are the people who are willing…

Q: 3. Assume the unemployment rates among different groups in the labor force are as follows: teenagers…

A: Group Wise Unemployment Teenagers = 21% Male = 8.5% Female = 8.6% Total Labour force in %…