Part-time workers are counted as: unemployed and therefore the official unemployment rate may understate the level of unemployment. fully employed and therefore the official unemployment rate may overstate the level of unemployment. fully employed and therefore the official unemployment rate may understate the level of unemployment. unemployed and therefore the official unemployment rate may overstate the level of unemployment.

Q: Full employment unemployment rate" (also called the natural rate of unemployment) is defined as…

A: Unemployment refers to a state of joblessness during which an individual who is eligible, willing,…

Q: What happens if the number of unemployed is unchanged, but the number of employed persons increases?…

A: Unemployment is the situation where the workers who are willing to and able to work but unable to…

Q: Full employment exists when, on average, nearly two out of three adults in the labor force are…

A: Full employment implies that the labor force is efficiently used and the unemployment is usual after…

Q: When the economy of a country is operating at full capacity: the unemployment rate is greater than…

A: A country's economy includes all the activities that are related to the production and manufacturing…

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

A: Unemployment rate refers to the percentage of labor force that is unemployed.

Q: Unemployment is not caused by which one? drops in actual GDP persons looking for more suitable jobs…

A: Unemployment is the condition in the economy when people of the country want to work & are able…

Q: For a country, economists have estimated that structural unemployment is 2.0% and frictional…

A: Unemployment due to a change in the business cycle in an economy is termed cyclical unemployment.…

Q: A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is…

A: The unemployment rate conveys the portion of labor utilized by the business industries of the…

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: Cyclical unemployment is the: portion of unemployment that is due to the normal working of the labor…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: When most workers are classified as not being in the labor force, when in reality they are actively…

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

Q: Explain THREE specific reasons that could account for the differences observed in the unemployment…

A: Unemployment: Joblessness is a term alluding to people who are employable and looking for work;…

Q: The natural rate of unemployment O increases during recessions and depressions. equals the…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: The following table contains U.S. employment information from February 2010. Civilian Population…

A: The unemployment rate can be calculated by dividing the number of unemployed people with the total…

Q: The stock of unemployed workers at any given time consists mostly of people who have short spells…

A: Answer in step 2

Q: Roberta is laid off from her job.  She is 55 years old.  She looked for a new job for one year but…

A: Let us define some important terms: Unemployed- Those people who are actively looking for a job but…

Q: Suppose that the employment rate is 55.0% and unemployment rate is 5.0%. What is the participation…

A: The participation rate is the percentage of the total population employed and actively looking for…

Q: An auto worker in Ohio who loses her job because the company relocated the plant to another country…

A: Frictional unemployment arises when a worker is looking for a job in between two jobs held, or a…

Q: A type of unemployment in which workers are in-between jobs or are searching for new and better jobs…

A: Unemployment arises in economics when people are unemployed while actively looking for job. The…

Q: There is still unemployment rate of 3% even though the economy is at full employment. This is…

A: Full employment refers to an economic situation in which all available labour resources are used as…

Q: Frictional unemployment is thought to explain relatively a. long spells of unemployment, as is…

A: Frictional unemployment refers to the unemployment that is the result of people being unemployed…

Q: The Unemployment Rate is defined as which of the following? as the percentage of the adult…

A: Labor force is the sum of employed and unemployed. It includes the people who are currently working…

Q: In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was…

A: Given that there existed unemployment in Feb 2020 and there were vast majority of  people who remain…

Q: Suppose that in a population of 200 million persons, 150 million are in the labor force and 120…

A: Unemployment refers to the individuals who are not employed but are actively looking for…

Q: Given: • Employed = 153,154 • Unemployed = 8,384 • labor force = 161,537 • Adult Population =…

A: Given: Employed = 153,154 Unemployed = 8,384 Labor force = 161,537 Adult population = 261,611 To…

Q: The natural unemployment rate incorporates​ (that is, it includes and directly​ tracks) structural​…

A: Unemployment refer to a situation when a person is in working age , activity finding employment but…

Q: Determine whether each of the following would be considered frictional, structural, seasonal, or…

A: Frictional Unemployment is that type of unemployment in which a worker moves from one job to another…

Q: The unemployment rate equals

A: The unemployment rate is the proportion of the workforce that is unemployed.  It's a lagging…

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: Calculate the Unemployment Rate

A: Underemployed workers are those workers who are working below their potential level. Unemployment…

Q: An individual who has a job but has been temporarily absent, with or without pay, is classified as…

A: In an economy, there are different types of unemployment and an individual is classified as employed…

Q: Suppose the population of a fictional economy falls into the following categories:  28 million are…

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

Q: The natural rate of unemployment occurs when the rate of increase in the wage is greater than the…

A: In an economy, the unemployment level provide information about the different in the labor supply by…

Q: What types of unemployment will still exist when the economy is at the natural rate of unemployment?…

A: Unemployment rate = frictional unemployment + structural unemployment + cyclical unemployment When…

Q: Suppose that in a population of 50 million people, 40 million are in the labour force, 36 million…

A: Unemployment rate= [Unemployed people/Labor Force]*100 Labor Force=40 million Employed=36 million…

Q: If some employed workers exit the labor force, the unemployment rate will be ______

A: The unemployment rate is a portion of the unemployed of the labor force. The labor force is a sum of…

Q: The BLS reports six different unemployment rates--the official unemployment rate U-1 and five other…

A: BLS considers only one unemployment rate.

Q: An economy is said to achieve “full employment” when:   a.     The unemployment rate is equal to…

A: "Unemployment in an economy means those people of labor force in an economy who are willing,…

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

A: Labor force =employed + unemployed Labor force =47+8=55 million

Q: If the labour force participation rate is 80%, the unemployment rate is 6%, and the labour force is…

A: Unemployment is the situation in which the workers are willing to work at the prevailing market wage…

Q: Official unemployment rates may underestimate the true rate of unemployment because the official…

A: GIVEN DATA    The official unemployment rate may underestimate the true rate of unemployment because…

Q: Structural unemployment A.is the increase in unemployment that occurs during recessions and…

A: Unemployment refers to a situation when people are willing to work but can not find any paid job.…

Q: When a country is operating at its potential GDP, unemployment is at the natural rate there is no…

A: Potential GDP is a basically a theoretical construct that estimates the value of the production that…

Q: Miriam is actively searching for a new job after she voluntarily quit her job.  Miriam is now…

A: There are three kinds of unemployment - Cyclical, structural and frictional unemployment

Q: Full employment means: no frictional unemployment. no natural unemployment. no structural…

A: Unemployment refers to the condition where people who are in the labor force and are willing and…

Q: Structural unemployment   a. arises from mismatches between available jobs and workers' skills or…

A: Structural unemployment occurs when people lack the basic skills needed to do the job or live far…

Q: Which of the following would decrease the unemployment rate? an increase in the minimum wage an…

A: Unemployment refers to the situation in which the people who are willing to work at the prevailing…

Q: The labour force is 10,000 • The Non-institutional population 16 years of age and older is 15,000 •…

A: The data presented in the question above is as:- Labour force = 10,000 Non institutional population…