Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.

Q: n a country with a population of 100 million people there are 20 million children under the age of…

A: Unemployment is a major problem that countries have to deal with, however in order to frame the…

Q: What is the difference between being unemployed and being out of the labor force? How do you…

A: Unemployed people are those who do not have a job, have actively sought for employment in the…

Q: Please calculate the unemployment rate given the following information: Please round to two…

A: Unemployment rate is the ratio of unemployed people to the total number of people in the labor…

Q: Suppose a country has a working-age population of 200 million, with 6.82 million unemployed and…

A: Unemployment rate refers the rate of the person who willing to work and have skills but dont have…

Q: In this country, million people are unemployed, and the unemployment rate is %. (Round your…

A: Unemployment ; The number of people unemployed in this case is calculated as follows; Unemployment =…

Q: unemployment

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

Q: The country of Altimina has a population of 150,000. According to the latest data, there are 20,000…

A: total population = 150000 not looking for work = 20000+30000 = 50000 no. of people looking for work…

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: Calculate the unemployment rate based on the following information: Working-age population: 219…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: : This economy is not currently at its natural rate of unemployment.

A: Natural rate of unemployment refers to the unemployment existing in the economy regardless of the…

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

A: Given:- Unemployed people(people who are not working)=10,000 People employed(or working)=90,000 To…

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

A: Here we calculate the unemployment rate by using the given information and choose the correct…

Q: Explain the possible causes of unemployment.

A: The possible causes of unemployment can be either from demand side or supply side. Demand side…

Q: Consider a country with 300 million residents, a labor force of 150 million, and 10 million…

A: Labor-force: all the individuals of the working-age group either they are employed or job-seekers /…

Q: Why shouldn’t every adult without a job be classified as part of the official unemployment rate?…

A: Unemployment rate: The unemployment rate is a useful indication of underutilization of the labor…

Q: Supposed economy has a population of 5000 people. 1000 people are under the age of 16. 1250 people…

A: The population is the total number of people who are in the labor force and who are not in the labor…

Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…

A: Labor force is the sum of unemployed and employed workers. People who are willing and able to work…

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: Explain whether it is possible for the amount of employed people to decrease while the unemployment…

A: Unemployment Rate = Total Unemployed / Labor Force * 100 Labor Force = Employed + Unemployed

Q: Population: 350 million Working-age population: 250 million Labor Force: 150 million Number of…

A: here we calculate the unemployment rate and labor force participation rate for this economy by using…

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

A:

Q: In an economy with an adult population of 120 million, total employment of 90 million, and…

A: A person is said to be a unemployed when he or she is unable to find job at market prevailing wage…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Unemployment refers to the situation where a person who does not have a job but is actively looking…

Q: List and explain the various unemployment rates used by the BLS, and indicate which one of the 6 is…

A: The Bureau of Labor Statistics (BLS) measures unemployment rates in six categories, they are;U-1…

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

A: Labor force = employed+unemployed

Q: In August of 2020, the United States unemployment rate was 8.4%; in September, it was 7.8%.  Which…

A: The % change formula is: % change =New -oldOld*100

Q: Calculate the unemployment rate for an economy using the following data: Number of employed: 154…

A: Answer is given below

Q: In the above table, the unemployment rate is

A: The unemployment rate is the number of persons who are unemployed out of the total number of persons…

Q: List 2 of the conditions that should be applied in order to consider any person as unemployed.

A: Unemployment is a situation where a person who is employable has no job and is actively looking for…

Q: An economist sees the weekly job finding rate and the monthly job losing rate (which is 0,1 and 0,15…

A: The unemployed population is described by those people who are willing to work and are looking to…

Q: If the number of employed persons in a country equals 24 million, the number of unemployed persons…

A: The unemployment rate refers to the inability of an economy to generate employment for its people…

Q: What are the solution for unemployment

A: U {"unemployment"} is the situation that occurs to the individuals when they are willing to work in…

Q: Under what condition would an increase in the unemployment rate be a positive sign?

A: Answer: Frictional unemployment is a temporary phenomenon, which is caused due to cyclical economic…

Q: In an economy, the working age population is 200 million Of this total, 100 million workers are…

A: Unemployment rate is shows the fraction of people in the labor force that are unemployed. This means…

Q: Show how the unemployment rate in each month is calculated from the numbers of people.

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Q: A radio commentator stated that with 10% unemployment rate, 11 million people out of the total…

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

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Q: 1. What is the labor force participation rate for period 2? 2. What is the unemployment rate for…

A: Labor force participation rate is the proportion of the country's working age population that are…

Q: Differentiate between the unemployment rate and the natural unemployment rate as the economy…

A: Unemployment: Unemployment in an economic state where an individual who is willing and able to work…

Q: In terms of CPI, define the general inflation rate?

A: Inflation is the increase in the price level of goods and services in the market. This reduces the…

Q: Explain any two causes of unemployment in the economy!

A: According to the given question In Simple words we can say that unemployment is generally known to…

Q: Suppose the value of a price index is 50 in 2015 and 60 in 2016. What is the rate of inflation from…

A: The rate of inflation can be calculated by dividing the difference between current inflation and…

Q: Calculate the unemployment rate based on the information provided below:…

A: Unemployment rate represents the percentage of labor force that is currently unemployed but are…