Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 1) what is the number of employed? 2) what is the number of unemployed? 3) what is the labor force?

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter20: Unemployment
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Numbers of people took survey 58

number reporting at least one hour per week of paid employment 22

number working less than 30hours 7

Number of people working 30 or more hours 15

number not working but actively seeking for work 8

number of not working and not looking for work who are

student 30

homemakers 1

other 5

1) what is the number of employed?

2) what is the number of unemployed?

3) what is the labor force?

4)what is the unemployment rate%?

5) why might an individual have characterized themself unemployment when in fact they is not actively seeking for a job?

6)why might an individual be counted as not in labor force when that person might actually want a job? 

 

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