2. Calculate the all the missing figures and use the results for analyzing the unemployment rates its relationship with population and employment condition. Also identify if any discourage workers effect among the four years?. Country: Peace Land Population Unemployed Employed Labor Fore Year 1 Year 2 Year 3 Year 4 20,000 22,000 21000 25,000 7,500 9,000 7000 8000 11,000 12,000 10000 14000 ? Not in Labor Force Unemployment Rate Labor Force Participation Rate

2. Calculate the all the missing figures and use the results for analyzing the unemployment rates its relationship with population and employment condition. Also identify if any discourage workers effect among the four years?. Country: Peace Land Population Unemployed Employed Labor Fore Year 1 Year 2 Year 3 Year 4 20,000 22,000 21000 25,000 7,500 9,000 7000 8000 11,000 12,000 10000 14000 ? Not in Labor Force Unemployment Rate Labor Force Participation Rate

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 1SCQ: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9...

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Similar questions

If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
What is frictional unemployment? Give examples of frictional unemployment.
Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are not in the labor force? What are the proportions of employed, unemployed and nut in the labor force in the population? Hint: Proportions ate percentages.
Are U.S. unemployment rates distributed evenly across the population?
What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
What forces create the natural rate of unemployment for an economy?
Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?