A radio commentator stated that with 10% unemployment rate, 11 million people out of the total population of 110 million are unemployed. Is this statement right or wrong? Why?

Q: Name two jobs that you think would be affected by seasonal unemployment. Explain why they would be…

A: Seasonal unemployment: It is a type of unemployment in which people remain unemployed during…

Q: When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same…

A: Since number of unemployment people increase, unemployment rate increases (R).

Q: Give your opinion to this statement: The problem of unemployment can only be solved by opening as…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: In a period with a rising unemployment rate, which of the following is most likely true? A. The…

A: Real GDP refers to the inflation-adjusted value of goods and services produced in an economy during…

Q: Are the following workers more likely to experience short-term or long-term unemployment? Explain.…

A: a) This scenario will be considered as short-term unemployment as the stone mason has lost his job…

Q: A person who has been fired is not considered unemployed? True or False

A: A person is said to be unemployed when he is able to work and is willing to work but not getting…

Q: unemployment

A: The workforce cooperation or participation rate is the quantity of people in the workforce as a…

Q: of the following people are counted as unemployed?—could be more than one.       A) a person out of…

A: Unemployment occurs when a person who is actively searching for employment is unable to find work.…

Q: When the following events happen, does the unemployment rate rise, fall, or stay the same? Briefly…

A: The unemployment rate is the proportion of employed people who are also unemployed in a given…

Q: According to this formula, what is the unemployment rate of this economy of six people? 20% 60%…

A: 1) This means that jake is employed. Explanation: Unemployment is a situation in which the laborers…

Q: How many people are unemployed if the employment ratio is 75%, there are 90 million people employed,…

A: As given data Employment ratio = 75% Employed person = 90 million 20 million not in labor force.

Q: If there are 160,000 adults in the population of Hugo and 140,000 are working, what are the labor…

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

Q: Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a…

A: Unemployment rate is the proportion of people unemployed in the economy as a percentage of number of…

Q: Is it desirable to pursue a goal of zero unemployment? Why or why not?

A: Unemployed- Those people who are part of the working-age group, actively looking for a job but not…

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

A: The fundamental ideas associated with recognizing the employed and unemployed/jobless are very…

Q: If the labor force increases, but the number of people unemployed stays the same, what happens to…

A: Labor Force = Number of Employed + Number of Unemployed Unemployment rate = number of…

Q: Suppose you're in charge of economic policy. Today's unemployment rate is 3.6%, and you estimate…

A: The natural rate of unemployment is regarded as the full employment. There is presence of frictional…

Q: Suppose an economy is given by the​ following: Population​ = 221 million Labor force​ = 117 million…

A: According to the question above, it is given that : Population​ = 221 million Labor force​ = 117…

Q: Which of the following people would be considered frictionally unemployed? Select an answer and…

A: Which of the following people would be considered frictionally unemployed? A person laid off from…

Q: In 1929 the US had an unemployment rate of approximately 3.2%, or 1.6 million people unemployed, yet…

A: Full employment is an economic situation in which the most productive use is made of all available…

Q: Why is the optimal rate of unemployment, from an economic perspective, never zero? Explain.

A: In an economy, an optimal unemployment rate is considered as the lowest natural rate of unemployment…

Q: Which of the following people would be considered frictionally unemployed? a The President of the…

A: Cyclical unemployment defines unemployment matched by the recent trends in the business or industry…

Q: Suppose a government report about a country's employment situation reveals the following data (all…

A: 1) If the country in question is the United State, these data are obtained from Household Survey. 2)…

Q: What are two issues with the unemployment rate in any given area?

A: Let us discuss certain concepts related to unemployment rate:Employed: Those people who belong to…

Q: Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home…

A: The labor force is the sum of employed and unemployed people.  The unemployment rate measures the…

Q: What would happen to the measured unemployment rate if individuals who had previously left the labor…

A:

Q: Jimmy just graduated from a top medical school and is currently deciding which  hospital emergency…

A: Unemployment refers to the state in which a person does not have any job even though he is actively…

Q: ight, the number of people who become unemployed in this particular month is: million, (Round your…

A: According to the table to the right,the number of people who become unemployed in this particular…

Q: Which of the following people would be considered frictionally unemployed? Select an answer and…

A: Meaning of Full Employment: The term full employment refers to the situation under which all the…

Q: During which period is inflation and unemployment inversely related?

A: The inverse relationship between inflation and unemployment can be explained by the short-run…

Q: Discuss how it is simultaneously possible for “most” unemployment to be due to short spells and for…

A: Unemployment refers to individuals who are employable and also seeking a job but are unable to find…

Q: Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What…

A: A percentage representation of the number of jobless people in relation to the total number of…

Q: If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have…

A: Unemployment: It is the situation when people have the ability and willingness to work but do not…

Q: Which of the following people would be classified as unemployed by the Bureau of Labor Statistics…

A: Unemployment is the state of not earning a livelihood when the person is in labor force and is…

Q: ACcording to a hypothetical economy presented in the table, what is the unemployment rate?…

A: Labor force is the total people in an economy who are interested in work, either working or…

Q: What is likely to be the impact of efforts towards reducing unemployment on the production potential…

A: So when the economy of any country moves towards the level of full employment it totally removes the…

Q: In an imaginary country the labor force is 50 million and the unemployment rate is 20%. The number…

A: In an economy, there are different reasons for people to be unemployed as it might be due to lack of…

Q: Is it possible to have decrease in unemployment rate at the same time as there is less people…

A: Unemployment rate is used to estimate the actual economic growth because increased output with…

Q: In your opinion, which type of unemployment rate is much harder to recover? Thoughts?

A: Unemployment means a situation where large number of people don't have any job.

Q: A person who has been field is not considered unemployed? True or False

A: When an individual does not work full-time or takes a job that does not match their actual training…