If the number of people in the labor force is 140 million and 130 million people are employed, then the number of people who are unemployed is _________ million.
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If the number of people in the labor force is 140 million and 130 million people are employed, then the number of people who are
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- Suppose 35 000 000 people are in the labour force, 18 000 000 people are employed in the public sector and 15 000 000 people are employed in the private sector. How many people are unemployed?Say between year 0 and year 1 the number of employed rises by 1.5 million and the number of unemployed rises by 0.6 million. If the population is constant, is this possible? (a) Yes (b) NoIn 2019 in the United Kingdom, the adult population was about 65 million, the labour force participation rate was 60 percent, and the unemployment rate was 6 percent. What was the approximate number of people unemployed? a. 2.3 million b. 0.7 million c. 1.7 million d. 6.5 million
- Suppose there are 4,750 people in the labor force. 420 workers are employed full time but were unemployed last month. Additionally, 198 workers had jobs last month but were laid off and have not found work yet. 124 workers lack skills that employers desire and have not been working for months; they are looking for jobs, though. 159 people are not working due to an overall decline in the economy and 194 workers are not working during this season. 188 workers quit their job and have not found a new one yet. Finally, 830 workers are working part time but would like full time work. Based on this information, calculate the natural unemployment rate. Hint: Again, there are no discouraged workers in this example; all unemployed workers are looking for work. Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13. Be careful, the information presented here looks similar to a previous…Clarify statement: "Economic growth, when accounting for inflation, is the increase or improvement in the market value of goods and services. "True or false 1- Nominal GDP is normally not corrected by the inflation rate. 2- PPI (Producer price index) measures the cost of basket bought by firms. 3- A correction for inflation is especially important when looking at data on interest rate. 4- Unpaid workers in a family business are normally considered as unemployed.
- In 2016 what percentage of the labor force was employed? what percentage of the labor force was unemployed? what percentage of the total population was employed?If the labour force participation rate is 80%, the unemployment rate is 6%, and the labour force is 10 million, then the number of people unemployed isWhich of the following statements is true about the U.S. economy? A. Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly. B. Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low. C. Each year few jobs are created, and therefore it takes the unemployed a long time to find a new job. D. Each year, many new jobs are created and many existing jobs are destroyed.
- The country of Calico has produced the following quantity of gauges and potatoes, with the price of each listed in dollar terms. a. Using 2000 as the base year, what is the growth rate of real GDP from 2000 to 2010? b. Based on the GDP deflator, what is the inflation rate from 2000 to 2010?If there are 160,000 adults in the population of Hugo and 140,000 are working, what are the labor force participation and unemployment rates if 6,000 adults are either students or retired residents? How many people are considered unemployed?Assuming the total population is 100 million, the civilian labor force is 80 million, and 76 million workers are employed, the unemployment rate is?