Explore the data and then answer the question. How many people were in the labour force in the data you've just explored? OA. 16.63 million OB. 31.11 million O C. 19.29 million OD. 11.82 million Of the 16.63 million employed, 2.58 million had part-time jobs, ... and 0.65 million of them wanted a full-time job but couldn't find one. Reset 0 Population Working-age population Labour force Employed Full time Full time 5 10 Not in labour force 15 Part time Voluntary part time Unemployed Involuntary part time 20 25 Other 30 40 35 Population (million X

Explore the data and then answer the question. How many people were in the labour force in the data you've just explored? OA. 16.63 million OB. 31.11 million O C. 19.29 million OD. 11.82 million Of the 16.63 million employed, 2.58 million had part-time jobs, ... and 0.65 million of them wanted a full-time job but couldn't find one. Reset 0 Population Working-age population Labour force Employed Full time Full time 5 10 Not in labour force 15 Part time Voluntary part time Unemployed Involuntary part time 20 25 Other 30 40 35 Population (million X

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Are U.S. unemployment rates distributed evenly across the population?
QUESTION 1Which of the following is an example of an unemployed person?O. A recent college graduate who has accepted a job offer but is taking the summor off before starting their new jobO. A full-time college student focusing solely on their studiosO. A collego-oducated Starbucks barista looking for a better jobO. A stay-at-home mother of 3 childrenO. A graduate studont looking for part-time wok
Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?
Structural unemployment is sometimes said toresult from a mismatch between the job skills thatemployers want and the job skills that workers have.To explore this idea, consider an economy withtwo industries: auto manufacturing and aircraftmanufacturing.a. If workers in these two industries requiresimilar amounts of training, and if workers atthe beginning of their careers can choose whichindustry to train for, what would you expect tohappen to the wages in these two industries? Howlong would this process take? Explain.b. Suppose that one day the economy opens itselfto international trade and, as a result, startsimporting autos and exporting aircraft. Whatwould happen to the demand for labor in thesetwo industries?c. Suppose that workers in one industry cannot bequickly retrained for the other. How would theseshifts in demand affect equilibrium wages both inthe short run and in the long run?d. If for some reason wages fail to adjust to the newequilibrium levels, what would occur?
If in an economy, labour force is 622.8 million and the population is 1254.4. Calculate the LFPR. a. -61025.60 O b. 49.65 O c. 201.41 O d. 126062.80
Next C Which statement correctly describes the U.S. labor force participation rate? The U.S. labor force participation rate O A. increased from 59 percent in 1960 to 67 percent in 1999 B. for women is higher than the female labor force participation rates in Canada and the United Kingdom O C. has a downward trend that is mainly accounted for by the decreasing participation of women in the labor market D. is calculated as the percentage of the working-age population who are employed 888
Which of the following statements about labor force participation and education are correct: O a. Women with less than a high school diploma are most likely to be in the labor force O b. Women with advanced degrees (masters, PhD, professional degrees) are more likely to be in the labor force than women with just high school degrees O c. Men with high school degrees are more likely to be in the labor force than men with doctoral degrees O d. Women with masters degrees are more likely to be in the labor force than men with masters degrees.
Are the following workers more likely toexperience short-term unemployment or long-termunemployment? Explain.a. a construction worker who is laid off because ofbad weatherb. a manufacturing worker who loses his job at aplant in an isolated areac. a stagecoach-industry worker who is laid offbecause of competition from railroadsd. a short-order cook who loses his job when a newrestaurant opens across the streete. an expert welder with little formal education wholoses his job when the company installs automaticwelding machinery
Mary a banker who quits her job to (unsuccessfully) seek fame and fortune as an actor. John an auto mechanic without a job who has given up looking for work. Who does the Bureau of Labour Statistics count as out of the labour force? Select one: O a. Mary and John O b. Mary but not John O c. John but not Mary O d. Neither Mary nor John Next page re to search
Question 1 Identify which of the following people are categorised as part of the labour force. #1 Christopher is a freelance writer working on multiple projects. # 2 Peter is a high school student who helps out at his mother's restaurant. # 3 Anna serves in the military force for her country. #4 Susan is a stay at home parent who sometimes helps her neighbours with lawn mowing. However, she does not want to find a full-time job. Next > MacBook Air O00 000 F4
Aworker classified as frictionally unemployed is one whois Select one. O a.working part-time but would prefer to work ful-ime O b.unemployed while looking for a job that denandshisar her skills. O ciscouraged and has dropped our of the labourforce O d laid off during a recession.
Dard Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3 95,000 people 5,000 реоple 80,000 people Employed Unemployed Not in the Labor Force Refer to Table 22.3. The labor force equals Lütfen birini seçin: OA 95,000 people. ов 80,000 реоple. ОС 85.000 реople OD 180,000 people OE 17.000 people.