2. In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. If the unemployment rate had been 4.5 percent instead of 4.9 percent, a. How many fewer workers would have been unemployed?

Q: 1.Explain the trade-off between unemployment and inflation.

A: Expansion has generally had a converse relationship with unemployment. This implies that when…

Q: Use the data below that describes a nation's population to answer the Ollowin a) How many people are…

A: The labor force consists of a part of the population that is employed as well as unemployed. People…

Q: PROBLEMS ON UNEMPLOYMENT AND INFLATION Number of people employed = 120,500; number of people…

A: Labor Force = Total Employed + Total Unemployed Unemployment Rate = Total Unemployed / Total Labor…

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

A: Q7) Given  Total population = 100 million.  Civillian labour force = 60 million.  54 million are…

Q: 7) Calculate: If there are 360 million people living in the U.S, and 289 million are eligible…

A: Answer: Given, Total population=360 millionEligible workers=289 millionUnemployed=10…

Q: 1) Demonstrate how the U.S. Unemploymet Rate is Calculated 2) Is this an accurate measure of actual…

A: The unemployment rate in country U is calculated by taking the ratio of the count of people who are…

Q: In the United States in 1996, the population was 265.5 million and the working age population was…

A: Labor force equals employed plus unemployed workers.

Q: 3. Using your own words, explain the natural rate of unemployment. Is there a country where th…

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

Q: 7. Libby: "The unemployment rate went up between May and June of 1991." Michael: "The number of…

A: Unemployment includes those people who are looking for jobs but are unable to secure them.…

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: 1. In the year 1980, when Thatcher came to power in UK, inflation was .. and unemployment rate was…

A: The inflation rate is the rate of increase in the general price level prevailing in the economy. It…

Q: .2 (Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million…

A: Labor force includes all the individuals who are either employed or unemployed, i.e., those who are…

Q: Outline the four (4) types of unemployment,

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

Q: Suppose that roughly 8 million people in Canada unsuccessfully sought work this month, the same…

A: The unemployment rate is defined as the percentage of the workforce that is unemployed. It's a…

Q: a. What is this year's inflation rate? percent b. In contrast, suppose that the CPI was 140 last…

A:

Q: Suppose the unemployment rate in the United States goes from 6.4% in one year to 5.6% in the next.…

A: i.) The percentage point decrease in the unemployment rate can be calculated as follows: Thus, the…

Q: 9. If 4 million people are unemployed in a county, and the size of the labor force is 25 million…

A: According to the question: Number of unemployed people= 4 million Size of labor force= 25 million…

Q: 1) True or False a)True or False? The unemployment rate measures the percentage of the adult…

A: Unemployment is when someone could work and wants to work but is unable to find a suitable job.

Q: Suppose statistics show that the number of employed workers has increased in Economy A, but the…

A: Unemployment rate is given as  UR= (Number of unemployed/ total labor force)*100 Total labor force =…

Q: 2. In a different economy the CPI went from 150 in 2014 to 130 in 2015. Did this economy experience…

A: The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by…

Q: Nation's Economic Pain Deepens The unemployment rate jumped to 5.5% in May 2008 from 5% in April…

A: The unemployment rate is the percent of the labor force that is jobless.

Q: 4. A nation has an adult population of 75 million people. There are 45 million employed people and…

A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…

Q: a) In April 2009, what was the unemployment rate? (in one decimal place) b) In April 2012, how many…

A: Unemployment rate is the number of unemployed people as a percentage of the labor force.

Q: a.) what does unemployment mean economically and explain the types of Unemployment? b.) Explain…

A: In economics, unemployment is one of the important concepts to study by the people as it affects the…

Q: c) The unemployment rate is the number of Group of answer choices people looking for work divided by…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: (21) Carla just started her new job working at the Department of Commerce. In order to see whether…

A: Answer: (21). Correct option: option c (The inflation rate, the unemployment rate, and the growth…

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: 1. a. Suppose the adult population over the age of 16 is 138 million and the labor force is 103…

A: Here, given information is, Adult population: 138 million Labor force: 103 million Employed: 95…

Q: 3. The towns of Sawyer and Thatcher each have a labor force of 1,200 people. In Sawyer, 100 people…

A: "Unemployment occurs in an economy if people are not working or without work but actively seeking…

Q: 1. Calculate for the employment and unemployment rate when the total population of a country is…

A: Unemployment rate refers to the rate at which people of an economy are unemployment over the total…

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: 1. To be considered unemployed, a person needs to meet 2 qualifications: a. b.

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: If millions of people quit looking for a job this month what would happen? The unemployment rate…

A: Labor force is the sum of employed and unemployed people. it does not count discouraged workers.

Q: (a) All else constant, what effect does an increase in the quit rate have on the unemployment rate?…

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

Q: 1. (CaseStudy: Hiring Picks Up, But Jobless Rate Rises) Imagine that during an expansion the U.S.…

A: An increase in jobs by the government can help the economy by reducing the unemployment rate, but…

Q: The average hourly wage in 1975 was $6.50, and $17 in 2002. CPI stood at 42 in 1975 and the CPI base…

A: Hello, thank you for the question. Since there are multiple questions asked here, only the first…

Q: 4. Wally Land has an adult population of 320 million, among which 250 million are employed, 20…

A: Unemployment rate: UR= Number of people who are UnemployedPeople who are in Labor forcex100 Labor…

Q: 1. What can be done to prevent unemployment? 2. What can be done to decrease unemployment?

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

Q: a. Calculate the unemployment rate for May 2022. (show your work) Use the Bureau of Labor Statistics…

A: a) Unemployment rate can be calculated as Number of people unemployed / labor force.     b) By going…

Q: 6- In February 2020, 15,300 people were employed, 2,700 were unemployed, and 7,000 people were not…

A: a)i) Unemployment rate is given as =(Unemployed/labor force)*100 = [Unemployed/(employed+…