Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up looking for work, 50 are retired, and 30 are unemployed. What is the unemployment rate? (Give your answer in decimal form. For example: 15.2% in decimal form is: ol152.)

Q: If the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then the…

A: The unemployed are those who are out of work and who are actively looking for a job. We can…

Q: What is the unemployment rate derived from these numbers?

A: Total population: 200,000 Employed: 75,900 Unemployed: 5,440 Not in labor force: 117,060 Total labor…

Q: Which of the following represents the actual number of unemployed people in Oman? a. The people…

A: Labor force includes all the workers in the economy which are either employed or in the search of…

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.

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A: Unemployment rate refers the rate of the person who willing to work and have skills but dont have…

Q: If the number of people classified as unemployed is 20,000 and the number of people classified as…

A: The formula for unemployment rate is Unemployment rate = (Unemployed People / Labor Force) * 100…

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

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…

Q: Find the absolute change in unemployment rate during 2015 (from Jan 15 to Dec 15).

A: If we want to calculate the absolute change in the unemployment rate during 2015, then it can be…

Q: NBA players in 2021 were paid an average of 1.5 million dollars per year. What salary from 1970…

A: Inflation is the general rise in price level during the year . It is calculated as the CPI(2021)-…

Q: In 2020, the all ages population of Canada was 37226847, out of which the population under 15 years…

A:

Q: of the following people are counted as unemployed?—could be more than one.       A) a person out of…

A: Unemployment occurs when a person who is actively searching for employment is unable to find work.…

Q: According to this formula, what is the unemployment rate of this economy of six people? 20% 60%…

A: 1) This means that jake is employed. Explanation: Unemployment is a situation in which the laborers…

Q: past labour force survey conducted by the ABS: Labour force: 12,092,000 Employment: 11,457,000…

A:

Q: Suppose the total population between the ages of 15 and 74 in an economy is 5,000,000, the labor…

A: The unemployment rate of the economy is considered one of the main macroeconomic indicators of the…

Q: Suppose that the unemployment rate is 6%, the total working-age population is 25 million, and the…

A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…

Q: Please calculate the employment rate given the following information: Please round to two decimal…

A: Employment rate is the ratio of employed people to the total number of people in labor force.

Q: Suppose you live in a community of 5,000 people where everyone wants to work and seeks employment.…

A: Unemployment Rate is the total number of people who are willing to work but are jobless due the…

Q: Suppose that the number of non-institutional civilian (working age) population is 150 million. Of…

A: We are going to use a labor force definition to answer this question

Q: What is the unemployment rate of Germany for the last five years

A: The given table below shows the unemployment rate in Germany

Q: Consider a country with 300 million residents, a labor force of 150 million, and 10 million…

A: Labor-force: all the individuals of the working-age group either they are employed or job-seekers /…

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: Suppose the population is 300 million people, the labor force is 200 million people, the number of…

A: Here, given information is, Population: 300 million Labor force: 200 million Employed: 185 million…

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: Petiville has 200 unemployed people. Of these 200 people, 35 are unemployed for two weeks before…

A: A person is said to be unemployed when person is not getting job even at prevailing wage rate . And…

Q: Suppose a government report about a country's employment situation reveals the following data (all…

A: 1) If the country in question is the United State, these data are obtained from Household Survey. 2)…

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: Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home…

A: The labor force is the sum of employed and unemployed people.  The unemployment rate measures the…

Q: What would happen to the measured unemployment rate if individuals who had previously left the labor…

A:

Q: If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a…

A: Unemployment spells linked with frictional unemployment are often short, whereas those related with…

Q: Consider an economy with 50 people unemployed and 900 employed. Its finding rate is 70% and its…

A: Given unemployed = 50 Employed = 900 Separation rate = 10% = 0.10 Finding rate = 70% = 0.70 Rate of…

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Unemployment refers to the situation where a person who does not have a job but is actively looking…

Q: Michigan currently has a 1% unemployment rate, which is 50,000 unemployed workers. After stagnant…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: The following table shows Metropolis' population and employment data. What is the approximate…

A: Discouraged workers and people below 15 do not form part of the labor force.   Unemployment Rate =…

Q: Calculate the unemployment rate for an economy using the following data: Number of employed: 154…

A: Answer is given below

Q: Discuss how it is simultaneously possible for “most” unemployment to be due to short spells and for…

A: Unemployment refers to individuals who are employable and also seeking a job but are unable to find…

Q: What are three problems with the measurement of unemployment, and how might these problems undermine…

A: The unemployment rate receives a lot of attention in the media. The percentage of people in the…

Q: The unemployment rate dropped to 6.6 per cent in January 2022, which is lower than the pre-pandemic…

A: The expanded definition of unemployment refers to a situation when people are not looking for any…

Q: A small city has the following characteristics: Population (15+): 440000 Labour Force Participation…

A: The labor force participation rate indicates the fraction of the working-age population in the labor…

Q: A radio commentator stated that with 10% unemployment rate, 11 million people out of the total…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Suppose you are given the following data for a small economy: Number of unemployed workers:…

A: Answer -No. of unemployed workers = 1,000,000Labor Force = 10,000,000Part (a)-Answer - Unemployment…

Q: Suppose that a typical doctor earned $41,000 in 1978. In addition, you know that in 1990 a typical…

A: Given information About Doctor’s salary: Salary in 1978: $41,000 Salary in 1999: $76,000 Consumer…

Q: Suppose that 20,000 of the employed switches to jobs in the underground economy. When interviewed by…

A: Unemployment is a term alluding to people who are employable and effectively looking for a job yet…

Q: (a) Department of Statistics of Malaysia has collected the following data for year 2020 and 2021:…

A: Labor force is the sum of people who are unemployed and people who are employed.

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…