Q: Ahmed has just graduated with a PhD degree in refinery product optimization. He is currently…
A: There exist various classification of unemployment.
Q: Full employment exists when, on average, nearly two out of three adults in the labor force are…
A: Full employment implies that the labor force is efficiently used and the unemployment is usual after…
Q: Firms will hire more workers as long as the marginal product of labor is positive. the marginal…
A: The rule which firms follow to hire more worker: P * MPL = W Labor participation rate is the ratio…
Q: If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then the…
A: The unemployed are those who are out of work and who are actively looking for a job. We can…
Q: The consumer price index (CPI) is calculated by the Bureau of Labor Statistics as a______ that…
A: Consumer Price Index (CPI): It is calculated by the Bureau of Labor Statistics. It measures the…
Q: If aggregate hours worked grows more slowly than the number of people employed then a. people are…
A: Answer: If the aggregate hours worked grows more slowly than the number of people employed then the…
Q: was laid off from work during the pandemic but will be re-hired when the restaurant re-opens a…
A: Unemployed Person: An individual is considered unemployed who is able to work and willing to work at…
Q: The unemployment rate is the_____who are unemployed. O. percentage of people in the labor force O.…
A: The unemployment rate is the percentage of the labour force that is currently unemployed but may…
Q: To be classified as unemployed, a person must be at least 16 years old and trying to find a job…
A: By definition, an unemployed is classified as a person currently available for work and actively…
Q: Every economy comprises of people who are out of the labor force. “Out of the labor force” is an…
A: Labor force include all the people who are ready to work.
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: Number of adults 15,000 Number of adults who are paid employees 8,000 Number of adults who work…
A: The correct answer to the above-mentioned question is 9.7%.
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: Suppose the number of employed in Hong Kong is 5,600,000, and the adult population is 7,000,000.…
A: Unemployment is that economic situation that implies that there is a large number of abled persons…
Q: When the economy of a country is operating close to its full capacity unemployment is close to zero.…
A: The correct option is cyclical unemployment is close to zero. Cyclical unemployment is a type of…
Q: A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is…
A: The unemployment rate conveys the portion of labor utilized by the business industries of the…
Q: Deflation refers to a situation where price level falls price level rises the rate of inflation…
A: Deflation is one of the components of the business cycle. The business cycle refers to those…
Q: The majority of new Legal Permanent Residents in the US entered the country on family based visas.…
A: At least two members of the family, an applicant, and a benefactor all must be participating in…
Q: Sharon was laid off from her job but has decided to go back to school full ti Which of the following…
A: Labor force is the sum of people who are employed or unemployed. Employed people are those who are…
Q: The natural rate of unemployment O increases during recessions and depressions. equals the…
A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…
Q: Which statement is CORRECT? The unemployment rate calculated by the Bureau of Labor Statistics…
A: The Bureau of Labor Statistics is an authority in the United States that maintains record of the…
Q: The unemployment rate is the percentage of the labor force that is unemployed, so is calculated as…
A: A person who is unemployed, of working age (defined as 16 or older), able and available to work, and…
Q: Part-time workers are counted as: unemployed and therefore the official unemployment rate may…
A: Part-time workers are often counted as employed, such that when estimating the official unemployment…
Q: n 2019 there were 10,000 people employed 1000 people were unemployed and 1500 people not in the…
A: For 2019:Labor force=Employed+UmemployedLabor force=10,000+1,000Labor force=11,000
Q: A low unemployment rate, between 2 and 7%, may be considered full employment. True or false
A: Unemployment: Any individual who is willing and able to work at the existing wage rate but couldn't…
Q: In 2019 they were 10,000 people employed 1000 people unemployed and 1500 people not in the labor…
A: total employed in 2020 = employed in 2019 + who are looking or hired in 2020 - quit their job and…
Q: Type of unemployment being experienced Scenario Possible strategies provided by the government to…
A: Government are of certain specific types. One of the type of government is democratic government in…
Q: percent in 1989 to 11.4 percent in 1993 is Multiple Choice corporate restructuring change in…
A: Although the US government began recording unemployment in the 1950s, estimates of past unemployment…
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: 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: The unemployed are those people who do not have jobs. are not employed but are seeking work are not…
A: (Q1)The unemployed are those people who a. do not have jobs. b. are not employed but are seeking…
Q: Anna recently graduated from college with a degree in electrical engineering, but she has not yet…
A: If someone does not look for work for any amount of time,then that person would be counted as…
Q: Suppose there are 2,500,000 people in a city's labor force. Only 38 % of them have a college degree,…
A: People those who are willing to do the job at the giving wage rate but still not getting the job are…
Q: Teenage unemployment in Oman has risen in the past two decades. a. True b. False
A: Oman is a nation on the southeastern(SE) coast of the Arabian Peninsula, The economy of Oman relies…
Q: The natural rate of unemployment occurs when the rate of increase in the wage is greater than the…
A: In an economy, the unemployment level provide information about the different in the labor supply by…
Q: If the number of people employed is 150,000 and the labor force is 170,000, the unemployment rate is…
A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…
Q: 1. Real GDP is GDP adjusted to inflation. A) True B) False 2. Unemployment rate is the percentage of…
A: The macroeconomic concepts and variables differ largely depending upon the major aspects of the…
Q: An increase in labour participation rate will lead to a. A higher equilibrium wage but lower…
A: Labor force participation rate is the percentage of adult population who is either employed or…
Q: The consumer price index (CPI) a. is the price of metals, lumber, and raw materials. b.…
A: Consumer Price Index (CPI) is the measure of purchasing power of the consumers for the consumption…
Q: As the price level falls, real wage ____________and people choose to work ___________. a. rises;…
A: We know that the tangency condition for optimal decision between consumption and leisure is MULw=MUC…
Q: If the unemployment rate is 6.2% and the number of people employed is 200,000, the total number of…
A: b. cannot be determined from this information
Q: Deflation refers to the increase in purchasing power, while Inflation refers to the decrease in the…
A: Deflation occurs when price of goods and services decreases over time. Inflation occurs when prices…
Q: Mike has been working manufacturing cars for the last 20 years. Last year all the car manufacturing…
A: Mike is experiencing Structural unemployment.
Q: In a given community, the unemployment rate is 4% and their working-age population is 930,000. Labor…
A: Unemployed people are those who are willing and able to work, but are unable to find a job.…
Q: Consider the following statistics from a Labor Market and then answer the questions which follow; •…
A: a) Number of people who are discouraged workers, unemployed and in the labor force. Discouraged…
Q: A nominal value can increase when either prices or quantities or both increase. Select one: True…
A: A nominal value is an unadjusted value whereas the real value is an adjusted value.
Q: The number of the employed in a country is 55 million; the number of the unemployed is 5 million and…
A: The labor force participation rate is an estimate of an economy's active workforce. here we…
Q: Which of the following would decrease the unemployment rate? an increase in the minimum wage an…
A: Unemployment refers to the situation in which the people who are willing to work at the prevailing…
Q: Assume that 2 million individuals enter the labor force this month and all of them find jobs. This…
A: GIVEN Assume that 2 million individuals enter the labor force this month and all of them find…
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- A low unemployment rate, between 2 and 7%, may be considered full employment. True or falseThe government does not consider full employment to mean 100 percent of its citizens are employed because: some people are preparing for later employment by attending school some people choose to stay home to raise children rather than have a job outside the home some people are temporarily unemployed while they wait to start new jobs some people are not working because jobs are limited, and competition for jobs is intense. all of the above conditions can and do existWhich of the following situations would count the individual as officially unemployed a waiter was laid off from work during the pandemic but will be re-hired when the restaurant re-opens a full-time college student who does not work and is not looking for work a man who stays at home to take care of the children and is not looking for work a retired professor
- A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate isIf the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then the number of people employed is equal to:Employment is measured by how many people had jobs last month. True or false
- It is possible for unemployment in a nation to reach 0%. True or falseAlert dont submit AI generated answer. Who is counted as unemployed? (Assume age 15 or older) A person who is not in the labor force Anyone without a job who is currently seeking work. Anyone without a job. A person who has been without a job for a minimum of four weeks.If you are a volunteer you are considered Unemployed None of the options Discouraged worker Employed
- The 2018 Q2 unemployment rate in Africa was 4.0%. This represented 110,000 unemployed individuals. If the working-age population (adult, civilian, non-institutionalized) was 3,980,000, calculate the number of employed individuals.Full employment is related to how much work is available. True or falseAustralia has aimed to achieve full employment by implementing various employment and labor market programs”. Achieving full employment would indicate that: Everyone in the Australian economy has a job. There is no unemployment in the economy. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. Only a small percentage of the Australian workforce is unemployed
