In a country with a population of 75 million people there are 19 million children under the age of 15 years, 47 million employed, 8 million unemployed and 1 million full time students. Calculate the unemployment rate.

Q: The overall population for Region A is 88 million people. The labor force contains 42 million…

A: Unemployment rate is the rate which shows the how much people have skills and able to work but don't…

Q: Suppose that half of those officially counted as unemployed become discouraged and drop out of the…

A: Unemployed people in the city = 150,000. Size of labour force= 220000+80000+150000= 450000…

Q: Please calculate the unemployment rate given the following information: Please round to two…

A: Unemployment rate is the ratio of unemployed people to the total number of people in the labor…

Q: In 2016, NY had a population of 14,398,000 and a total workforce of 9,100,000. At the time, there…

A: The labor force participation rate is a measure used to assess the working-age population of a…

Q: The unemployment rate is the_____who are unemployed. O. percentage of people in the labor force O.…

A: The unemployment rate is the percentage of the labour force that is currently unemployed but may…

Q: Q.3.1 In a country with a population of 75 million people there are 19 million children under the…

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

Q: If the number of people classified as unemployed is 20,000 and the number of people classified as…

A: The formula for unemployment rate is Unemployment rate = (Unemployed People / Labor Force) * 100…

Q: Please describe the formula(s) used to determine the unemployment rate

A: Unemployment is considered as the people who do not have a job and are looking for the work prior…

Q: Imagine that there are 160,000 people in the population of working age. 150,000 have jobs, 5,000 do…

A: Given: Total population = 160,000 Employed = 150,000 Unemployed = 10,000 Out of this, 5000 people…

Q: An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work,…

A: Here, given information is, Total population: 226,500 Unemployed but looking for job: 12,500…

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: Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up…

A: In an economy, among the adult population, not all the individuals are counted in the labor force…

Q: The term “unemployed” includes all people who want a job, but don’t have one.

A: The term Unemployed define as when a person wants to do work or willingness to do work but he unable…

Q: What is the unemployment rate of Germany for the last five years

A: The given table below shows the unemployment rate in Germany

Q: In July 2009, in the economy of Sandy Island, 10,000 people were employed, 1,000 were unemployed,…

A: Meaning of Unemployment Rate: The unemployment rate refers to the rate in which numbers of…

Q: The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. Calculate the…

A: Given: Labor force=15,000,000 Number of people employed=12,000,000 Since the number of people…

Q: Satchel loses his job and immediately begins looking for another. Other things the same, the…

A: The unemployment rate is a portion of the labor force is which is unemployed. Unemployed means a…

Q: Please answer parts (i), (ii), (iii) Using the following data calculate: (i) The number of persons…

A: The subject of economics became more difficult as economies and civilizations grew. As a result, it…

Q: In March, 2006 the labor department of the country of Jobland determined that the size of the labor…

A: The unemployment rate  (u) tells us about the proportion of population remaining unused by the…

Q: Supposed economy has a population of 5000 people. 1000 people are under the age of 16. 1250 people…

A: The population is the total number of people who are in the labor force and who are not in the labor…

Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…

A: Labor force is the sum of unemployed and employed workers. People who are willing and able to work…

Q: The term labor force refers to all those over 16 years of age who are employed, actively seeking…

A: In an economy, employment is considered as a macroeconomic concept, and it is one of the drivers of…

Q: The table describes hypothetical employment statistics for a country in a given year. Full-time…

A: The labor force comprises of those who are employed as well as those who are unemployed and looking…

Q: In an economy, the working-age population iš 100 million Uf this total, 75 million workers are…

A: Working-age population=100 million Employed: People who are working in a paid job=75 million…

Q: Explain whether it is possible for the amount of employed people to decrease while the unemployment…

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

Q: Find the relative change in the unemployment rate during 2008.

A: Relative change in the unemployment rate during 2008 can be calculated by comparing the unemployment…

Q: Define unemployment rate And tell why it is important to the economy.

A: The unemployment rate is the rate that defines the rate as per total labor force that how many are…

Q: Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table…

A: Unemployment rate = No. of unemployed people / No. of people in labour force As per given details:-…

Q: Suppose the Bureau of Labor Statistics interviews 196,700 people in its monthly survey; 94,500 are…

A: Here, given information is: Total population in survey: 196,700 Not in labor force: 94,500…

Q: Consider an economy with 50 people unemployed and 900 employed. Its finding rate is 70% and its…

A: Given unemployed = 50 Employed = 900 Separation rate = 10% = 0.10 Finding rate = 70% = 0.70 Rate of…

Q: 4 Out of 20 million people in the population, 9 million people are in the labour force and 3 million…

A: Labour force consists of unemployed people and employed people. The labour force refers to all the…

Q: Michigan currently has a 1% unemployment rate, which is 50,000 unemployed workers. After stagnant…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: In a country with a working-age population of 22 million, 16 million are employed, 2 million are…

A: labor force=employed + unemployedlabor force=16+2labor force=18 millions

Q: Nuku has an unemployment rate of 12%. There are 10,307 people who are working or have work. How many…

A: The working class contains those took part in manual-labor occupations or industrial work, who are…

Q: How has the official unemployment rate been criticized for overestimating and underestimating…

A: The official unemployment statistic is frequently chastised for underreporting and exaggerating the…

Q: ssume the following for the town of Boone: The town has a total population of 60,000 people, of…

A: Labor force= employed+ unemployed

Q: In an economy, the working age population is 200 million Of this total, 100 million workers are…

A: Unemployment rate is shows the fraction of people in the labor force that are unemployed. This means…

Q: Use the following data to calculate the size of the labor force and the official unemployment rate:…

A: An economy is said to be operating at its long-run equilibrium position when the unemployment rate…

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 a given community, the unemployment rate is 4% and their working-age population is 930,000. Labor…

A: Unemployed people are those who are willing and able to work, but are unable to find a job.…

Q: In February 2020, 15,300 people were employed, 2,700 were unemployed, and 7,000 people were not in…

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

Q: Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people…

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

Q: In a country with a population of 70 million people, there are 30 million children under the age of…

A: Introduction : Unemployment rate- unemployed people/labour force x 100

Q: 2017-18, the Pakistan Bureau of Statistics announced that of all adult Pakistanis, 59,786,200 were…

A: We need to get the labor force in the economy: Labor force = employed +…

Q: Assume that 2 million individuals enter the labor force this month and all of them find jobs. This…

A: GIVEN   Assume that 2 million individuals enter the labor force this month and all of them find…

Q: The overall population for Region A is 119 million people. The labor force contains 43 million…

A: Unemployment rate is the % of unemployed person of total labor force.