If the total population of a country is 300 million, the unemployment rate is 5% and the participation rate is 65%, the working age population is: O 105.0 million O 195.0 million O 285.0 millio
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If the total population of a country is 300 million, the
participation rate is 65%, the working age population is:
O 105.0 million
O 195.0 million
O 285.0 millio
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- 52No. 11. If the civilian noninstitutional adult population is 300 million, the number of employed persons is 132 million and the unemployed number 10 million, what is the unemployment rate and what is the labor force participation rate?Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people losetheir jobs and remain unemployed for exactly one month; one month later, they find new jobs andbecome employed. In addition, on January 1 of each year, 20 people lose their jobs and remainunemployed for six months before finding new jobs. Finally, on July 1 of each year, 20 people lose theirjobs and remain unemployed for 6 months before finding new jobs.1. What is the unemployment rate in this economy in a typical month?2. What fraction of unemployment spells lasts for one month? What fraction lasts for six months?3. What is the average duration of completed spell of unemployment?4. On a particular date, what fraction of the unemployed are suffering a long spell (six months) ofunemployment? plz solve part 4 ? Thanks.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?
- Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 calcuate (d) Not in the labour force (e) Working age population ratioDo solve both parts Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0. Then, suppose that in January 2011 and every month that follows, 79 workers become unemployed for 1 month, 42 become unemployed for 2 months, 27 become unemployed for 3 months and 12 become unemployed for 15 months. 1. At the steady state, what is the unemployment rate? Answer in percentage rounded to the nearest first decimal. 2. What is the average duration in months at the steady state? Round to the nearest first decimal.What are the possibilities that cause a change in the unemployment rate according to this table? Relating to the real world scenario such as COVID-19 Countries Unemployment rate 2020 Unemployment rate 2022 Australia 6.60% 4.2% Brazil 13.90% 11.1% Japan 3.00% 2.8% United States 6.70% 3.8% Russia 5.90% 4.4%
- The CPI is more commonly used as a gauge of inflation than the GDP deflator is becaust the O a. GDP deflator cannot be used to gauge inflation. O b. CPI is easier to measure. O c. CPI better reflects the goods and services bought by consumers. O d. CPI includes more goods and services that the GDP deflator does. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.Suppose, iln an Economy there are 500 adult people (15-65 age bracket). Out of them 315 are employed and 35 are unemployed. How much is the unemployment rate? Employment rate? Labor force participation rate?13 - Which of the following types of unemployment occurs in countries whose GNP is largely based on agricultural production?A) FrictionalB) accidentalC) cyclicalD) seasonalE) Public Employees
- 15. Is it possible for the unemployment rate to rise at the same time that the number of people working increases? a. yes, if established workers keep their jobs but no longer have the option of working overtime b. yes, if labor force growth outpaces growth in the number of people working c. no d. yes, if the new workers are employed less than full timeSuppose that a country's population is 30 million and it has a labour force of 15 million people. If 14.5 million people are employed, the country's unemployment rate is a. 3.3%. b. 2.5%. c. 6.7%. d. 9.0%. e. 4.5%.Suppose that the county of Bigu has a population of 127 million, of which 83 million are in the working-age population. OF those, 25 million are not in the labor force and 52 million are employed. A. Calculate the working-age population as a percentage of the population B. Calculate the labor force participation rate C. Calculate the unemployment rate.
