Assume the following data for a country:CategoryTotal populationPopulation under 16 years of age or institutionalizedNot in labor forceUnemployedPart-time workers looking for full-time jobsInstructions: Enter your answers as whole numbers.a. What is the size of the labor force?million.b. What is the official unemployment rate?Number ofPeople, Millions5001201402410percent.

Given that, Total population: 500 million Institutionalised: 120 million Not in labour force: 140…

the following data for a country: Category ulation n under 16 years of age or institutionalized por force yed workers looking for full-time jobs ions: Enter your answers as whole numbers. is the size of the labor force? million. is the official unemployment rate? Number of People, Millions 500 120 140 24 10 percent.

the following data for a country: Category ulation n under 16 years of age or institutionalized por force yed workers looking for full-time jobs ions: Enter your answers as whole numbers. is the size of the labor force? million. is the official unemployment rate? Number of People, Millions 500 120 140 24 10 percent.

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 1SCQ: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9...

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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?
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