People who lost their jobs due to the low economic activity brought about by the virus are victims of _______ unemployment a. Frictional b. Structural c. Cyclical d. Natural
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A: Structural unemployment = Natural unemployment - Frictional unemployment = 6.5% - 3% = 3.5%
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- Which type of unemployment is experienced by an individual who lost his job due to an economic recession? a. Natural b. Structural c. Cyclical d. FrictionalDo you think structural unemployment is natural or not? Provide one real and one futuristic (just make up, use your imagination) example for structural unemployment. Explain them.Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent). Instructions: In part a, round your response to two decimal places. In parts b–c, enter your responses as a whole number. a. How many jobs were lost, as a result, in a labor force of 150 million? b. If the average worker produces $100,000 of output, how much output will be lost? c. By how much did GDP per capita decline as a result (310 million people)?
- The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to structural unemployment. a.True b.FalseCritically analyze how the quantity and quality of the labour force, technology , the political and legal environment and inflation affect the unemployment rates in a country.Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent). Instructions: In part a, round your response to two decimal places. In parts b–c, enter your responses as a whole number. a. How many jobs were lost, as a result, in a labor force of 150 million? b. If the average worker produces $100,000 of output, how much output will be lost? c. By how much did GDP per capita decline as a result (310 million people)? Solve this finance
- The biggest types of unemployed people that the world right now are caused by poor economic activities. Which type of unemployment is this situation related to? a. Structural b. Frictional c. Cyclical d. NaturalDiscuss two types of unemployment add provide a relevant example for each.match the economic goal to the problem and indicator Problem: unemployment indicator unemployment rate Problem: inflation indicator: consumer price index Problem: recession indicator: real GDP A. EConoMic growth b. full employment l C. Price stability
- Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent). Instructions: In part a, round your response to two decimal places. In parts b–c, enter your responses as a whole number. a. How many jobs were lost, as a result, in a labor force of 150 million? b. If the average worker produces $100,000 of output, how much output will be lost? c. By how much did GDP per capita decline as a result (310 million people)? Solve economic questionFor each person below, identify the sort of unemployment being experienced. a)A new college grad is searching for a job but has not yet found one. b)Due to declining sales, a sales clerk at Wal-Mart is laid off. c)A telephone operator is laid off and is looking for work because technological change has rendered her skills obsolete.Assume the following data for a country: Category Number of People (Millions) Total population 500 Population under 16 years of age or institutionalized 120 Not in labor force 120 Unemployed 13 Part-time workers looking for full-time jobs 10 What is the size of the labor force? millionWhat is the official unemployment rate? %
