During the course of a year, the labor force consists of the same 886 people. Of these, 23 lack skills that employers desire and hence remain unemployed throughout the year. At the same time, every month during the year, 35 different people become unemployed, and 35 other different people who were unemployed find jobs. There is no cyclical unemployment a. Calculate the frictional unemployment rateO%. (Enter your response as a percentage rounded to two decimal places).

Q: Suppose that half of those officially counted as unemployed become discouraged and drop out of the…

A: Unemployed people in the city = 150,000. Size of labour force= 220000+80000+150000= 450000…

Q: Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table…

A: Formula: Unemployment rate = unemployed people / labor force * 100

Q: The structural unemployment rate is 2.89% and the frictional unemployment rate is 2.69%. If current…

A: Structural unemployment is the unemployment that results due to mismatch between skills demanded by…

Q: A country with a population of 120,000 (all over age 16) has 100,000 employed and 10,000 unemployed…

A: A.The labor pool is that the employed people plus frictional and structural unemployment.LF = 100000…

Q: Referring to the information provided in the table, what is the adult unemployment rate in Meditor?…

A: Correct ans is is option D :-  6.25%   Total Unemployment = Male Unemployment+ Female Unemployment…

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: Disguised

A: In an economy, unemployment can be classified into different types based on the reason behind the…

Q: Please describe the formula(s) used to determine the unemployment rate

A: Unemployment is considered as the people who do not have a job and are looking for the work prior…

Q: A country has 10 million people, 5 million of whom are adults. Of the adults, 0.5 million are not…

A: By dividing the total number of jobless persons in a nation by the total work force, one can get the…

Q: In a particular economy, the labor force (the sum of employed and unemployed workers) is fixed at…

A: As there is 100 million workforce (which includes the employed and unemployed ones)  January :…

Q: Consider the following table. Use the given information to answer questions 6 - 9. Group…

A: Labor force = employed + unemployed = 200 + 20 = 220 Working Population  = labor force + not in…

Q: Job search engines, such as Indeed and Monster.com, have enabled workers ar companies to find each…

A: Cyclical unemployment is the unemployment due to economic up and downs Structural unemployment is…

Q: Labor and voluntary Underemployed Discouraged force workers workers part-workers 155 140 million 7…

A: The unemployment rate is calculated by dividing the number of unemployed people by the total number…

Q: In March, 2006 the labor department of the country of Jobland determined that the size of the labor…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: Consider an economy with a labor force of 100 million people. Each period, 60% of the unemployed…

A: Given: In the economy, the labor force is = 100 million The unemployed population finds the job at =…

Q: If discouraged workers are included in the determination of the unemployment rate, what effect will…

A: Discouraged workers are those who are not encouraged in doing the work.

Q: is the percentage of the working-age population who are working full-time or are working part-time -…

A: Z Pop ratio is percentage of working  age population  who are employed or under employed.

Q: Explain about solution of unemployment.

A: The unemployment rate is the proportion of people who are unemployed to the total labor force times…

Q: In March, 2006 the labor department of the country of Jobland determined that the size of the labor…

A: The unemployment rate  (u) tells us about the proportion of population remaining unused by the…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: Frictional unemployment can be explained by a situation where Select one: O Close of a business due…

A: The situation where people are able and also willing to work but are not able to find suitable jobs…

Q: Find the relative change in the unemployment rate during 2008.

A: Relative change in the unemployment rate during 2008 can be calculated by comparing the unemployment…

Q: An economy is described using the following equations: C- 300 + 0.75(Y - T) |= 120 G=90 NX --100…

A: Planned aggregate expenditure (AEp) is the sum of consumption (C), investment (I), government…

Q: hemployment counted as part of Natural rate of unemployment? termine the level of full employment…

A: Unemployment is a situation in which people who are able and willing to work cannot obtain a job.…

Q: If a sizable number of workers switched from full-time to half-time employment, then: O the official…

A: Unemployment refers to a person who is willing and able to work but is still unable to find work.…

Q: 4 Out of 20 million people in the population, 9 million people are in the labour force and 3 million…

A: Labour force consists of unemployed people and employed people. The labour force refers to all the…

Q: According to the Bureau of Labor Statistics, you are considered to be unemployed if you have no job.…

A: The Bureau of Labor Statistics(BLS) defines “unemployment” as the people who do not have a job but…

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: Use the following data to calculate (a) the size of the labor force and (b) the official…

A: Unemployed people are those individuals who are actively seeking jobs and are looking for it but are…

Q: Which type of unemployment is experienced by a person who is simply out of work, is actively seeking…

A: If person is not having job,and is looking for job;it would be known as frictional unemployment.

Q: uestion 33 One shortcoming of the official unemployment rate is that it O a) is unreliable because…

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

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: ssume the following for the town of Boone: The town has a total population of 60,000 people, of…

A: Labor force= employed+ unemployed

Q: 1. Asurvey of 200,000 people finds 76,300 "employed," 6,640"unemployed," and the remaining 117,060…

A: The people who are involved in the economic activities are considered as the employed people.  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: Explain unemployment rate.

A: Unemployment is the phenomenon which states that people who are willing and able to work are unable…

Q: -(2 POINTS)Discuss in depth two of the reasons why the true ercentage of members of the Labor force…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: eremp

A: Unemployment is a concept that includes the individuals who are actively seeking for a job and in…

Q: Give a clear definition of unemployment and how and why it rises and declines in the economy.

A: Unemployment occurs in an economy when the workers who are willing and able to work cannot find…