Answered: In a country number of employed is 27…

In a country number of employed is 27 million, number of unemployed is 3 million and population(+16 years old) is 60 million. According to this; 1- Calculate the unemployment rate

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 3SQP

See similar textbooks

Related questions

Q: Calculate the labor force participation rate and unemployment rate where a country's total…

A: The labour force participation rate is a measure of the proportion of a country’s…

Q: 2019 2020 2021 Total population Labour force 18000 18500 18700 6834.1 7046.5 7527.9 Total employment…

A: Year 2019 Labor force = 6834.1 thousands Total employment = 6350.8 thousands -------- Labor force =…

Q: 1- List the conditions that should be applied in order to consider any person as unemployed.

A: The U.S. Agency of Labor Statistics or BLS gathers information on the employment status of the…

Q: Suppose people in the adult population in a small country are classified based on their age. Labor…

A: Due to the Bartleby policy, we will solve only the first question. Labor force It is the number of…

Q: All population of the country is 1 300 000. In age group 15-74 are 1 000 000 inhabitants. Active…

A: The pct, that is calculated by dividing range|the amount|the quantity} of unemployed persons by the…

Q: Suppose, in an Economy there are 800 adult people (15-65 age bracket). Out of them 540 are employed…

A: Unemployment Rate = Unemployed / Labor Force * 100 Employment Rate = Employed / Labor Force * 100…

Q: In 2020, the all ages population of Canada was 36552939, out of which the population under 15 years…

Q: 1)Total Population 330.0 million Adult, noninstitutionalized, non military population 260.0…

A: Here, Total population is given as: 330.0 million Working age population: 260.0 million And total…

Q: Population 400 300 able to work unemployment 3% participation rate 65% find Unemployed and…

A: The total population is 400 300 able to work. It means the working-age population is 300 ---------…

Q: You have the following relationship between unemployment and GDP: u = 8.6 - 0.75(Y - 1000). If Y is…

A: According to the question, given that the relationship between the unemployment rate and GDP as U =…

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: Labor force participation rate population 60% Total population is 16 years of age and older 200…

A: Given Information Labor force participation rate = 60%Unemployment rate 5%Total population = 200…

Q: Year 1 Year 2 Employment (households survey) 5,100 5,200 Labor Force 6,000 6,100 Population 10,000…

A: We know that the labor force is the sum of employed people and unemployed people Labor…

Q: Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How…

A: "In economics unemployment means people who want to work and are actively seeking for jobs but…

Q: Calculate unemployment rate if adult population of the nation is 900 people of which 550 people are…

A: Unemployment rate = Number of unemployed workerLabor force×100where Labor force = Employed person +…

Q: Calculate the unemployment rate if the total number of unemployment people are $13560 and the total…

A: The information being given is as follows:- No of people who are unemployed = 13560 No of people wo…

Q: In the country of Kong the labor force participation rate is 64%, the unemployment rate is 16%, and…

A: Economic activity rate, EAR, is the percentage of the population, both employed and unemployed, that…

Q: In a given community, the unemployment rate is 3.1% and their working-age population is 1.2 Million.…

A: The unemployment rate indicates the fraction of the total labor force that is unemployed. The labor…

Q: A person who has no job, wants a job, but is not looking for a job does not count as unemployed. O…

A: Unemployment refers to the state of joblessness during which an individual lacks a paid employment…

Q: b) Repeat the exercise undertaken in 4(a), but this time for those aged 18–24. Male Female…

A: b) Repeat the exercise undertaken in 4(a), but this time for those aged 18–24. Male Female…

Q: Calculate (to the nearest whole number) the unemployment rate for a country which has provided the…

A: Given informationPopulation = 50mWorking-age Population = 30mWorking people = 21mPeople willing to…

Q: Period 1 Period 2 Jan Jan Working Age Population 64 591 67 153 Labor Force Employed 38 461 40 047…

A: The labor force participation rate is the percentage of the civilian non-institutional population 16…

Q: In a country number of employed is 27 million, number of unemployed is 3 million and population(+16…

A: Labor force = number employed + number unemployed Labor force participation rate = Labor force /…

Q: In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Italian…

A: Answer: Given, Adult-age population = 45.020 million Labor force = 24.065 million Number of people…

Q: You have the following relationship between unemployment and GDP: u = 7.6 - 0.75(Y - 1000). If Y is…

A: The unemployment rate and the inflation rate would have a trade off. The unemployment rate increases…

Q: 1. Asurvey of 200,000 people finds 76,300 "employed," 6,640"unemployed," and the remaining 117,060…

A: When certain workers are unable to find employment in the economy despite actively hunting for it at…

Q: Suppose 2000 people were surveyed, and of those 2000, 900 were working full-time. Of the 1100 not…

A: Labor force is the population which is employed and the population which is unemployed but actively…

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

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

Q: 2. Number of people • Working age population • Unemployed • Employed 3,000 100 1,900 • What is the…

A: Size of labour force= employed + unemployed = 1900+100…

Q: Level of Education Number of Economically Active People (in millions) Number of Unemployed People…

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

Q: (1) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force.…

Q: eenage unemployment rates tend to be a little lower than the overall unemployment rate. True False

A: Unemployment Rate = Total Unemployed / Total Labor Force Labor Force is the sum total of employed…

Q: Using the table, Year 2018 Year 2019 Population Labor Force Employed 3500 2000 1800 3675 2200 1980…

A: Unemployment Rate = Total Unemployed / Total Labor Force * 100 Labor Force = Employed + Unemployed

Q: A survey of 200,000 people finds 75,900 "employed," 5,440 "unemployed," and the remaining 117,060…

A: Unemployment rate measures the proportion of labor force that is unable to find a job. It is a…

Q: 1. Calculate for the employment and unemployment rate when the total population of a country is…

A: Unemployment rate refers to the rate at which people of an economy are unemployment over the total…

Q: Number of people employed 120,500; number of people unemployed = 4050 What is the number of people…

A: Unemployment is a situation when a person is in working age , actively finding job but not able to…

Q: Adult population 2,189,000 Employed 1,043,000 Not in the labour force 723,000 How many adults are…

A: Labour force is the sum of people who are employed and people who are unemployed.

Q: tion is 15

A: The labor force participation rate is a measure of active workforce of an economy.The participation…

Q: 019 unemployment rate? Moyment rate is 3.7 percent. to 1 decimal place. RIGS FOT Item Labor force…

A: Unemployed people are those who are willing to do work but can not find a paid job. Labor force is…

Q: Civilian population of a country is equal to 237,8 million. Labor force was only 153,8 million. What…

A: The unemployment rate is the percent of the labor force that is jobless. It is a lagging indicator,…

Q: in the household survey for December, 1996. The working-age population, employment, unemployment,…

A: The labour force participation rates is calculated as the labour force divided by the total…

Q: Total Population Working-age Populatior Unemployed Employed 300 200 10 90 4. Based on the table…

A: Labor force participation rate (p) is a parameter to gauge the level of active labor force. It tells…

Q: In the country of Kong the labor force participation rate is 65%, the adult population is 161444 and…

A: The unemployment rate is defined as the number of unemployed out of total labor force in an economy.…

Q: UNEMPLOYMENT RATE 2009-2018 18.00% 16.00% 14.00% 12.00% 10.00% Bahamas, 8.00% 6.00% India, 5. 4.00%…

A: Unemployment is a condition when people looking to work for current wages rate, are not able to find…

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

A: The unemployment rate is derived by dividing the total number of people in the labour force by the…

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

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

Question

In a country number of employed is 27 million, number of unemployed is 3 million and population(+16 years old) is 60 million. According to this;

1- Calculate the unemployment rate

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Under what condition would an increase in the unemployment rate be a positive sign?
Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.