Suppose that a. The unemployment rate is %. (Enter your response rounded to two decimal places) b. The 141 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places) Adult population: Employed adults Unemployed adults 237 million 84 million 12 million

Suppose that a. The unemployment rate is %. (Enter your response rounded to two decimal places) b. The 141 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places) Adult population: Employed adults Unemployed adults 237 million 84 million 12 million

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

See similar textbooks

Similar questions

Describe a situation, either a government policy situation, an economic problem, or a private sector situation, where using the GDP deflator to convert from nominal to real would be more appropriate than using the CPI.
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are not in the labor force? What are the proportions of employed, unemployed and nut in the labor force in the population? Hint: Proportions ate percentages.
Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?
What criteria do the BLS use to count someone as employed? As unemployed?
Describe a situation, either a government policy situation, an economic problem, or a private sector situation, where using the CPI to convert from nominal to real would be more appropriate man using the GDP deflate:
Are U.S. unemployment rates distributed evenly across the population?
The prime interest rate is the rate that banks charge their best customers. Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years would it have been best to be a lender? Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years given would it have been best to be a borrower?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
Do you think perfect indexing is possible? Why or why not?
Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?