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?

Q: n a country with a population of 100 million people there are 20 million children under the age of…

A: Unemployment is a major problem that countries have to deal with, however in order to frame the…

Q: In a period with a rising unemployment rate, which of the following is most likely true? A. The…

A: Real GDP refers to the inflation-adjusted value of goods and services produced in an economy during…

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: Identify the sort of unemployment being experienced 1.) A new college grad is searching for a job,…

A: Unemployment occurs when people are willing and able to work but are unable to find a job. It can…

Q: A country has 10 million people, 5 million of whom are adults. Of the adults, 0.5 million are not…

A: By dividing the total number of jobless persons in a nation by the total work force, one can get the…

Q: Suppose a number of workers decide to quit their jobs and enter retirement. Assuming this is the…

A: Answer: (1). Increase (2). Decrease Explanation: If some number of people quit their jobs and enter…

Q: Define unemployment. What is natural rate of unemployment? Why do you think unemployment as risen so…

A: Unemployment is the one of the macroeconomic variables which is used to shows the condition of the…

Q: Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the…

A: Given, Increased in employment = 12.1 million Decline in unemployment = 7.3 million

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: Suppose that the unemployment rate is 6%, the total working-age population is 25 million, and the…

A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…

Q: In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time…

A: The unemployment is the situation when people who are willing and able to work but they are not able…

Q: Assume the total population is 3500. Of the total population, 1800 are working full-time. Of the…

A: Given information: Total population = 3500 Full time workers = 1800 Under 16 not working population…

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: If the labor force increases, but the number of people unemployed stays the same, what happens to…

A: Labor Force = Number of Employed + Number of Unemployed Unemployment rate = number of…

Q: The following is information about labor market:   Entire Population 800 People under the age of…

A: Labor force (LF) = Full time employed + Part time employed + Unemployed but looking for job = 250 +…

Q: Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the…

A: The adult population is given to be 6 million. The number of employed population is 3.8 million.…

Q: Which of the following people would be considered frictionally unemployed? Select an answer and…

A: Which of the following people would be considered frictionally unemployed? A person laid off from…

Q: Suppose that the number of non-institutional civilian (working age) population is 150 million. Of…

A: We are going to use a labor force definition to answer this question

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Total population = 300 million Number of employed people =150 million Number of unemployed people…

Q: If the number of people in the labor force is 140 million and 130 million people are employed, then…

A: Employed are those people who are involved in the economic activities. Unemployed are those people…

Q: If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor…

A: Given: Total Population= 400,000 Labor Force= 275,000 The labor force is calculated by summation of…

Q: Which of the following people are counted as unemployed?   a)A person out of work and actively…

A: Unemployment refers to people who do not have a job, actively seeking a job and available to take a…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: Determine the labor market status of each of the following people. If they are unemployed, can they…

A: Concepts: Labor force: Labor force is consist of employed workers as well as unemployed workers…

Q: If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a…

A: Unemployment spells linked with frictional unemployment are often short, whereas those related with…

Q: Consider a country with 300 million residents, a labor force of 150 million, and 10 million…

A: We have a total population of 300 million in which 150 million are in the labor force in which 140…

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: Given: The number of employed people in an economy is = 121,166,640 The unemployment rate is = 10.4%…

Q: Who are involuntary unemployed? A) Individuals who are willing to work at the market wage but they…

A: Unemployment, the state of one who is equipped for working, effectively looking for work, however…

Q: If you are out of school but working part time, are you considered employed or unemployed in U.S.…

A: According to the U.S. labor statistics, any individual who lies under working age population and…

Q: ight, the number of people who become unemployed in this particular month is: million, (Round your…

A: According to the table to the right,the number of people who become unemployed in this particular…

Q: Suppose some country had an adult population of about 25 million, a labor-force participation rate…

A: Unemployment refers the no. of people who are willing to work at existing wage rate but are unable…

Q: Suppose the number of employed people in an economy 121,166,640. The unemployment rate in this…

A: According to question, total employed people are 121,166,640         The unemployment rate in the…

Q: There were 100,000 full-time workers and 50,000 part-time workers who prefer full-time work. 15,000…

A: The labour force encompasses all persons who work for a living, whether as employees, employers, or…

Q: what is the possible solution for the country's huge unemployment rate?

A: The unemployment rate is a good indicator of how much of the labor supply is being underutilized. It…

Q: Q.1.4 Out of 20 million people in the population, 9 million people are in the labour force and 3…

A: Definition: Unemployment: Unemployment occurs when a person who is a part of the labor force…

Q: Someone may be unemployed for all of the following reasons, EXCEPT losing a job being an entrant or…

A: A person is said to be unemployed if he/she is willing to work and looking for a job but not getting…

Q: Suppose that the current GDP is 6% higher than its potential. What is the effect of this situation…

A: Okun's law states the relationship between the economy's growth rate and unemployment rate.

Q: Which of the following people would be classified as unemployed by the Bureau of Labor Statistics…

A: Unemployment is the state of not earning a livelihood when the person is in labor force and is…

Q: Assume the following data for a country: Number of People, Millions Category Total population…

A: The ‘unemployment’ of an economy is the part of the population which is actively finding jobs and…

Q: A radio commentator stated that with 10% unemployment rate, 11 million people out of the total…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Suppose you are given the following data for a small economy: Number of unemployed workers:…

A: Answer -No. of unemployed workers = 1,000,000Labor Force = 10,000,000Part (a)-Answer - Unemployment…

Q: In an imaginary country the labor force is 50 million and the unemployment rate is 20%. The number…

A: In an economy, there are different reasons for people to be unemployed as it might be due to lack of…

Q: The towns of Sawyer and Thatcher each have a labor force of 800 people. In Sawyer, 100 people were…

A: here we calculate the unemployment rate , so the calculation of the following by using the given…

Q: A person who has been field is not considered unemployed? True or False

A: When an individual does not work full-time or takes a job that does not match their actual training…

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: a. The size of labor force can be calculated as follows: Thus, the size of labor force is…