Calculate the unemployment rate for an economy using the following data: Number of employed: 154 million Number of unemployed: 28 million Number of discouraged workers: 20 million

Q: Determine whether there is a relationship between the unemployment rate and inflation rate.

A: Inflation rate gives the percentage change in price level over a period of time.Unemployment rate is…

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: Economists use labor-market data to evaluate how well an economy is using its most valuable…

A: Unemployment rate = Unemployed / labor force * 100 labor force = employed + unemployed employment to…

Q: The real time population survey reports unemployment and labor force numbers while the BLS reports…

A: The real time population survey is a shorter span of survey to understand the labor market trend in…

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: Find the absolute change in unemployment rate during 2015 (from Jan 15 to Dec 15).

A: If we want to calculate the absolute change in the unemployment rate during 2015, then it can be…

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: past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000…

A:

Q: A country has a population of 160 million. Out of this population, the number of retired people is…

A: Note: Since you have posted a question with multiple subparts, we will solve the first three…

Q: Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the…

A: Number of Employed worker = Labour Force - Number of unemployed. Given  Unemployment Rate = 10%…

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

A: Employment rate is the ratio of employed people to the total number of people in labor force.

Q: Consider the following unemployment rate, actual and potential GDP data for a country over several…

A: The given table provides information about the actual output, potential output, and unemployment…

Q: Calculate unemployment rate if adult population of the nation is 900 people of which 550 people are…

A: Unemployment rate = Number of unemployed workerLabor force×100where Labor force = Employed person +…

Q: Use the above data to answer the following questions. Total number of persons frictionally…

A: when people leave their old jobs but haven't yet found new ones or currently looking for jobs, are…

Q: Calculate the unemployment rate if the total number of unemployment people are $13560 and the total…

A: The information being given is as follows:- No of people who are unemployed = 13560  No of people wo…

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: What is the unemployment rate of Germany for the last five years

A: The given table below shows the unemployment rate in Germany

Q: The Unemployment Rate is defined as which of the following? as the percentage of the adult…

A: Labor force is the sum of employed and unemployed. It includes the people who are currently working…

Q: Calculate the unemployment rate at the end of April 2018 Calculate the number of people unemployed…

A: Hey, thank you for the question. Since there are multiple questions posted, we will answer first…

Q: Discuss why the unemployment rate indicator has been criticised for underestimating the level of…

A: When the number of people unemployed is calculated using the rate of unemployment obtained.  This…

Q: Use the following data to calculate  the number of persons employed the number of persons…

A: 1. Number of persons employed is given by Number of persons employed = currently working + part time…

Q: If the number of people in the labor force is 140 million and 130 million people are employed, then…

A: Employed are those people who are involved in the economic activities. Unemployed are those people…

Q: Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank…

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

Q: Which of these numbers is closest to the rate of change in the price level from 2018 to 2019 from…

A: here we calculate the GDP deflator and than we calculate the change in price level so here…

Q: Calculate the Unemployment Rate

A: Underemployed workers are those workers who are working below their potential level. Unemployment…

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: If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a…

A: Unemployment spells linked with frictional unemployment are often short, whereas those related with…

Q: Suppose you are provided with the following data for your country for a particular month: 200…

A: Unemployment= 20 million Labor force= 20+200 million

Q: During the initial months of the COVID pandemic, the number of unemployed people in the State of…

A: Unemployment is the situation where a person is looking for job and interested to work at prevailing…

Q: Prepare a table and line graph comparing the unemployment rate for 2009 – 2018 for Jamaica and…

A: The unemployment rate is defined as that fraction of the labour force, which is unemployed. The…

Q: In each of the following, what happens to the Unemployment Rate?               Alexa recently…

A: Unemployment rate = [Unemployed / Labor force] * 100

Q: Michigan currently has a 1% unemployment rate, which is 50,000 unemployed workers. After stagnant…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Who reports the official U.S. unemployment rate? How frequently is the survey that determines…

A: The unemployment rate is the rate that doesn’t have a job but actively seeking it from the total…

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: The unemployment rate is the percentage of the total work force that is not working but is

A: Unemployment rate is calculated as the percentage of unemployed people to the number of people in…

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: What are three problems with the measurement of unemployment, and how might these problems undermine…

A: The unemployment rate receives a lot of attention in the media. The percentage of people in the…

Q: Calculate for the unemployment rate using the table below: Total Population 20 000 Working Age…

A: Employed people is 1000 Unemployed people is 100 ----------------- Labor force is the sum of…

Q: Calculate the unemployment rate at the end of May 2018

A: Unemployment occurs when people who are willing to work and are actively looking for jobs cannot…

Q: what kind of relationship is between GDP and unemployment

A: GDP from expenditure approach includes consumption expenditure, investment expenditure, net exports…

Q: The following table contains unemployment statistics from 2013 for three different countries:…

A: The unemployment rate in Australia can be calculated by dividing the value of unemployed individuals…

Q: Use the following data to calculate the size of the labor force and the official unemployment rate:…

A: An economy is said to be operating at its long-run equilibrium position when the unemployment rate…

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: The following table contains unemployment statistics from 2013 for three different countries:…

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

Q: The labour force is 10,000 • The Non-institutional population 16 years of age and older is 15,000 •…

A: The data presented in the question above is as:- Labour force = 10,000 Non institutional population…

Q: The following scenarios have been taken from actual answers to the Current Population Survey…

A: As per BLS, a person is considered as unemployed if he does not have a job, have actively looked for…