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 Use the information given to calculate the following: (a) Unemployment rate, Labour force participation rate , Employment to population ratio Institutionalized population ratio,Not in the labour force , Working age population ratio
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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
Use the information given to calculate the following:
(a)
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- Question 1 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 Use the information given to calculate the following: (a) Unemployment rate (b) Labour force participation rate (c) Employment to population ratio Institutionalized population ratio (d) Not in the labour force (e) Working age population ratio Question 2 For each of the following scenarios, state whether the unemployment is frictional, structural or cyclical. Justify your answer. (a) Ted lost his job when the steel mill closed down. He lacks the skills to work in another industry and so has been unemployed over a year. (b) Gwen had a job as a clerk but quit when her husband was transferred to another state. She looked for a month before finding a new job that she liked.Question 1 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 Use the information given to calculate the following: (a) Unemployment rate (b) Labour force participation rate (c) Employment to population ratio Institutionalized population ratio (d) Not in the labour force (e) Working age population ratio Question 2 For each of the following scenarios, state whether the unemployment is frictional, structural or cyclical. Justify your answer. (a) Ted lost his job when the steel mill closed down. He lacks the skills to work in another industry and so has been unemployed over a year. (b) Gwen had a job as a clerk but quit when her husband was transferred to another state. She looked for a month before finding a new job that she liked. Learning Activity 8.2 Question 3 (a) Why…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 ratio
- Question 1Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011.Labour force: 140,200Individuals under 16 years: 12,400Employment: 132,700Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following:a) Unemployment rateb) Labour force participation ratec) Employment to population ratiod) Institutionalized population ratioe) Not in the labour forcef) Working age population ratioLet’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 Use the information given to calculate the following: (a) Unemployment rate (b) Labour force participation rate (c) Employment to population ratio Institutionalized population ratio1. 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 Use the information given to calculate the following: a. Working age population ratio
- QUESTION TWORecently, the government of the republic of Zambia conducted a 2022 Census of Population and Housing. From the summary results, Zamstats indicated that the 2022 Zambian population is 19,610,769. Assume that 35% of the population are not in the labour force. Suppose also that from those in the labour force, 40% are employed. Determine the total number of people who are;a) not in the labour force.b) in the labour force.c) employed.d) unemployed.Question 1 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 Use the information given to calculate the following: (d) Not in the labour force (e) Working age population ratioLearning Activity 8.1 Question 1 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 Use the information given to calculate the following: (a) Unemployment rate (b) Labour force participation rate (c) Employment to population ratio Institutionalized population ratio (d) Not in the labour force (e) Working age population ratio
- Examine the table below which contains some labour market data for the Bahamas (2009 - 2014) and answer the questions which follow. Year Avg. monetary labour income for workers in their main occupation in the last month, PPP Avg. monetary labour income for formal workers in their main occupation in the last month, PPP Avg. monetary labour income for informal workers in their main occupation in the last month, PPP Unemployment Rate Monthly Minimum Wage, PPP 2009 2,069.32 1,774.19 3,450.47 13% 770 2011 1,992.92 1,836.31 2,663.86 15% 770 2012 1,818.44 14% 770 2013 1,614.73 1,604.85 1,652.05 14% 770 2014 1,674.15 1,593.31 2,055.34 14% 770 a. Given the theorized relationship between the unemployment rate and the minimum wage in the static model of the labour market, how should the unemployment rate respond to a constant minimum wage? b. How does this compare to the data shown in the table? Explain. c. Note that there is a difference in income depending on…The birth rate of the United States in 2014 and 2015 was 12.5 births per 1000 people, and the death rate was 8.2 deaths per 1000 people. Using the formula on p. 64, what was the rate of natural increase for the United States between 2014 and 2015? Now subtract this rate from the population growth rate to obtain the net migration rate. Was the United States experiencing more immigration or more emigration during this period?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 For each of the following scenarios, state whether the unemployment is frictional, structural or cyclical. Justify your answer. (a) Ted lost his job when the steel mill closed down. He lacks the skills to work in another industry and so has been unemployed over a year. (b) Gwen had a job as a clerk but quit when her husband was transferred to another state. She looked for a month before finding a new job that she liked.