Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation.

Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 14SQ

See similar textbooks

Similar questions

question 2 Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311Military personnel 98,539People below 16 years of age 4,240,102People in elderly care centers 1,232,130People who didn't look for job in last 4 weeks 831,304Housewives whose sole activity is homemaking 3,424,204Volunteers 313,200Employed people by private sector 8,000,690Employed people by public sector and state and local government (federal employees are not included) 715,000Self-employed people 3,423,042People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See attachment for the formula and directions for this problem).
Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). To calculate the unemployment rate, you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% Labor Force is calculated using the formula…
Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). Page Break To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% The BLS is the…
In 2017-18, the Pakistan Bureau of Statistics announced that of all adult Pakistanis, 59,786,200 were employed, 3,613,800 were unemployed, and 58,800,000 were not in the labor force. Use this information to calculate the adult population.
2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor Total population 24,512,311 personnel 98,539 People below 16 years of age 4, 240, 102 People in elderly care centers 1, 232, 130 People who didn't look for jobin 4 weeks 831,304 House wives whose sole activity is home - making 3, 424, 204 Volunteers 313,200 Self employed people 3,423,042 People who are jobless, actively looking for a job, and 2, 234 available for work Calculate the unemployment rate and the labor force of New Zombie Show your calculation (See next page for the formula and directions for this problem )
Explain how Statistics Canada measures the actual unemployment rate for Canada for a given year
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.
At the end of the year 2020, Statistics Kenya estimated the total amount spent on consumption, government purchases, investment and net export of goods and services to arrive at the country’s GDP. What measurement approach is described above?
how does Statistics Canada measures the actual unemployment rate for Canada for a given year.
Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (c) suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not workingnand not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unnemployment rate. (d) Illustrate and carefully explain the impact of an increase in the…
Why must double counting be avoided when measuring GDP? Provide an elaborate answer with at least one example. (preferably around 85 words)
Give three reasons why labour force statistics may not be accurate. For each reason, identify a strategy which can be used to improve the labour force statistics

SEE MORE QUESTIONS

Recommended textbooks for you

Survey Of Economics

Economics

ISBN:

9781337111522

Author:

Tucker, Irvin B.

Publisher:

Cengage,

Survey Of Economics

Economics

ISBN:

9781337111522

Author:

Tucker, Irvin B.

Publisher:

Cengage,

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

Total population	24,512,311
Military personnel	98,539
People below 16 years of age	4,240,102
People in elderly care centers	1,232,130
People who didn't look for job in last 4 weeks	831,304
House wives whose sole activity is home-making	3,424,204
Volunteers	313,200
Self-employed people	3,423,042
People who are jobless, actively looking for a job, and available for work	2,234,100