How do most earn money? By being retired, by working at a job, by being disabled, by being independently wealthy

Q: What is the fastest growing occupational group? What could contribute the increase in this…

A: Healthcare is the fastest-growing occupational group.

Q: A country has 50 million people, 30 million of whom are adult noninstitutionalized civilians. Of the…

A: Discouraged workers refer to those workers who have hove hooked up looking got work. So they are not…

Q: ance and u

A: Insurance is a form of risk management used primarily to hedge against the risk of a loss being…

Q: In 2016  what percentage of the labor force was employed? what percentage of the labor force was…

A:

Q: Price of petrol was Rs. 60 per litre in 2015 and Rs. 100 per litre in 2021. The average wage in…

A: When the inflation rate is higher than the wage growth rate, then real income declines and…

Q: 7) Calculate: If there are 360 million people living in the U.S, and 289 million are eligible…

A: Answer: Given, Total population=360 millionEligible workers=289 millionUnemployed=10…

Q: Consider an economy made up of a 100 people, 50 of whom hold jobs, 10 of whom are looking for work…

A: The unemployment is a situation in which the people in the economy are willing to offer their labor…

Q: Use the information below to answer the question Population 30 million People between ages 15 and 65…

A: Labor force = full time employed + part time employed + unemployed = 9 + 1.5 + 1 = 11.5 million

Q: Farm employment in the United States amounts to about what percentage of total employment? A. Less…

A: A. Less than 2 percent Option A is correct The agricultural and food sectors employed 19.7 million…

Q: Who are generally counted in the labour force of a country

A: While it is an established fact that capital and resources are integral to the growth and…

Q: If many workers become discouraged from looking for jobs, explain how the number of jobs could…

A: Labor force includes all the individuals above a particular who are either employed or unemployed.…

Q: Country Alpha has an adult population of 200 million citizens. The population under age 16 is 35…

A: Given, In Country Alpha Adult Population = 200 million Underage Population = 35 million Not in Labor…

Q: A nation has a population of 260 million people. Of these, 60 million are retired, in the military,…

A: Given:- Total population=260 million People retire/under 16 years=60 million Employed=188 million…

Q: How many people are unemployed if the employment ratio is 75%, there are 90 million people employed,…

A: As given data Employment ratio = 75% Employed person = 90 million 20 million not in labor force.

Q: Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force…

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

Q: If 1 million people are unemployed and 9 million people are employed how large is the labor force?…

A: People who are willing to do work but cannot find job are considered as unemployed. People who are…

Q: The table gives information about a nation's labor force. What is the number employed? million. The…

A: Meaning of Labor Economics: Here, the term labor economics is all about the output/production in…

Q: Item Millions Population 125 Unable and Unwilling to work 35 Not looking and not accepting to work…

A: Total population of a country includes the number of people resides in the domestic boundary of a…

Q: salary increase from P30k to P50k and year 2000 CPI was 70 while 2005 CPI was 80, is the standard of…

A: CPI is measured using fixed basket of goods.

Q: 6. A nation has a population of 260 million people. Of these, 60 million are retired, in the…

A: Here we calculate the Unemployment rate by using the given information so the calculation of the…

Q: Imagine someone is working part time but would like to be working full time, or working in a job…

A: Employed are those who work for earning a cost of living either part time or full time, as well as…

Q: Discouraged workers: A)are getting paid too little. B)do not like their job. C)are working…

A: Discouraged workers are those workers who are not actively looking for a job and do not get any…

Q: Which of the following is not in the labor force?          Retired Persons       Those Unemployed…

A: In an economy, the labor force differs from the working-age population as the labor force is a part…

Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…

A: Given; Population of Australia= 25.6 million Population of adult over the age of above 15 years=…

Q: 2. 90,000 is the population in city XYZ. Out of that, 60,000 are in labor force and employed peoples…

A: "Unemployment rate depicts the percentage of labor force which are currently unemployed or people…

Q: How does Increase or decrease in wage affect hours of work

A: Wages are a form of factor income which are paid to the workers for the services provided by them.…

Q: Consider this scenario: Your neighbor offers to pay $500 if you will clear brush out of his backyard…

A: In a market, there are two types of gains such that accounting gains and economic gains. When…

Q: Question Help The table gives information about a nation's labor force. Labor Market Data What is…

A: Labor force= employed+unemployed

Q: 1) What is the national Unemployment rate?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Full employment is related to how much work is available.

A: 'Classical economists’ believed that there was always a state of complete employment for economic…

Q: The cost of living has risen in tandem with increasing average food prices, while the loss of…

A: Stagflation: It is an economic state where an economy experiences stagnant economic growth and…

Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…

A: Unemployment: It refers to the people who are not employed in the economy or the people who do not…

Q: Question 3: Explain the difference between the labor force and the working-age population in the…

A: The labor economics is concerned with the wages of the workers. It tries to understand how the labor…

Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…

A: Hi! thanks for the question but as per the guidelines, we can answer up to three subparts at one…

Q: Suppose your earn 3% wage from your employer. Then, the government releases economic data indicating…

A:

Q: What does employment in the narrow sense include?    a) Entrepreneur  B) Fee  NS) Natural…

A: Economics as a subject was developed since there was a limited amount of resources on earth.…

Q: General Electric paid its workers $5 a day in 1914. If the consumer price index was 10 in 1914 and…

A: The fluctuation in price index costs of one particular period compared to its previous period is…

Q: 8. Using the following data, total population 900 million, population under 16 years of age or…

A: Unemployment is basically refers to that Situation when people are actually not getting job in the…

Q: 61. Who would be included in the labour force? (A) Jeremiah, who plans to travel for a few months…

A: The labor force includes those people who are employed and unemployed who are willing to work or…

Q: what are the causes of unemployment?

A: Unemployment refers to those parts of the labor force that is willing to work and are actively…

Q: Which one among the following is private income? a. Wages of employees b. Government income c.…

A: Private Income :  Private Income means a total income that is generated by the various sources and…

Q: What does this phrase means? “Immigrants steals our job opportunities.”

A: The concept that depicts settling or living permanently in a foreign country is being known as…

Q: dozen eggs cost $1.03 in December 1980 and $1.60 in December 2018. The average wage for workers in…

A: Percentage change ={(final value - initial value) /initial value}×100%

Q: what do you understand about unemployment rate among young graduates?

A: Unemployment is referred to be a situation whereby a person who has the ability to work and is also…