• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of persons are in thousands.) Year 1 Year 5 Labor force 84,900 95,400 Employed 80,700 87,500 Unemployed Unemployment rate

Q: Table below provide the data of labour force, employment and working age population Labour Force…

A: Unemployment rate = [Unemployed / Labor force] * 100Labor force participation rate = [Labor force /…

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

A: Unemployment rate is the ratio of unemployed people to the total number of people in the labor…

Q: 1. Measuring employment, unemployment, and labor force participation Consider a small economy…

A: People who are working or has a job are considered employed. People who are actively looking for a…

Q: Classify the following persons as employed, unemployed or Not in the labor force. a) During the…

A: A) Cameron Diaz is employed, because she nice missed the work show the wages will be deducted not…

Q: Suppose a country has a working-age population of 200 million, with 6.82 million unemployed and…

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

Q: Calculate the missing values in the table below by using the provided data collected in the…

A: Labor force is the number of people who willing to work and working age people who able to work so…

Q: The table shows employment statistics for a fictional country. Use the information to answer the…

A: People who are working or a have are considered employed. People who are looking for a job and are…

Q: Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the…

A: The unemployment rate is defined as the percentage of the workforce that is unemployed. It's a…

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: The table shows employment statistics for a fictional country. Use the information to answer the…

A: The labor force (LF) includes all those people who are currently employed or are unemployed but are…

Q: Classify the following persons as employed, unemployed or Not in the labor force.   a.During the…

A: People currently having a job is considered employed. People who are jobless, looking for job and…

Q: In a given community, the unemployment rate is 5% and their working-age population is 3 Million.…

A: The unemployment rate refers to the fraction of the total labor force that is not employed. The…

Q: Assume the following for the town of Boone: The town has a total population of 50,000 people, of…

A: When an individual or group of people are able to do a job, looking for a job and are willing to…

Q: Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980…

A: Given: Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Working-age…

Q: The Australian Bureau of Statistics (ABS) reported in May 2017 that the civilian population in…

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: Refer to the table below for the following question. Suppose this economy has an unemployment rate…

A: Unemployment rate os defined as unemployed people divided by total labour force which includes both…

Q: Given the total number of the labor force, complete the following Table by calculating the total…

A: Unemployment rate=Unemployed (total labor force-total employed)Total labor forceTotal employed=Total…

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: Given the information below, answer the following: Calculate the unemployment and labor force…

A: The labor force participation rate is the measure to evaluate working-age population in an economy.…

Q: Suppose the revenue for a certain company for the years 2010–2014 is shown in the following table.…

A: The consumer price index (CPI) measures changes after some time in the general degree of prices of…

Q: Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up…

A: In an economy, among the adult population, not all the individuals are counted in the labor force…

Q: that apply. O They are counted as part of the labor force by the Bureau of Labor Statistics. O They…

A: Labor force is the sum of employed and unemployed workers.

Q: Q1: Consider the following labor statistics for adult population (age 16 and older) in Oman…

A: Solution - Part "1" Answer - Given in the question - Employed  = 130 million Unemployed  = 9 million…

Q: The following table Q4(b) presents principal statistics of labour force in Johor, for the years of…

A: The sum of persons who are employed and who are not being employed is in turn included in the…

Q: Assume the following information for a country: total population of 35 million; working-age…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Consider the following data for an economy last year: Total population 383.52 million Part-time…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Please answer parts (i), (ii), (iii) Using the following data calculate: (i) The number of persons…

A: The subject of economics became more difficult as economies and civilizations grew. As a result, it…

Q: Use the following data to calculate  the number of persons employed the number of persons…

A: 1. Number of persons employed is given by Number of persons employed = currently working + part time…

Q: Population: 350 million Working-age population: 250 million Labor Force: 150 million Number of…

A: here we calculate the unemployment rate and labor force participation rate for this economy by using…

Q: Suppose that homemakers are included as employed in the labor force statistics, rather than being…

A: Employment: It refers to the people who are working in the total population or the people who are…

Q: In the country of Economica, the total labor force consists of 5,000 workers. 250 of these workers…

A: The labor force that is also known as the presently active population, is made up of all those who…

Q: 2 0 0 1 2 3 4 5 6 7 8 Year According to the graph in the figure above, which year experienced the…

A: ANS Year 3

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: Given: The number of employed people in an economy is = 121,166,640 The unemployment rate is = 10.4%…

Q: Describe in detail the household survey of unemployment and, in the context of the survey, explain…

A: Unemployment rate indicates the proportion of labor force who are willing to work at the existing…

Q: 25. Which of the following is the formula for calculating the unemployment rate? a. (Number of…

A: Labor force = employed+unemployed

Q: Q1. The Department of Statistic, Malaysia announced that in 2005, of all adult Malaysians,…

A: Adult population = 16,555,400 Labor force = 10,926,600 Labor force participation rate = 66%…

Q: A country with a population of eight million adults has five million employed, 500,000 unemployed,…

A: Unemployment rate refers to the percentage of labor force that is jobless.

Q: Hawaijan Airlines hires 100 workers, plans to add 170 more Hawalian Airlines will hire more workers…

A: The formula to compute the unemployment rate is: Unemployment rate=UnemploymentLabor…

Q: What is the “rate of unemployment”, what components does it consists of, and how is it calculated?…

A: Answer - Rate of unemployment :- It is the rate which help us calculate the percentage of people who…

Q: Use the following data to calculate the size of the labor force and the official unemployment rate:…

A: An economy is said to be operating at its long-run equilibrium position when the unemployment rate…

Q: Refer to the information provided in Table below to answer the questions that follow. Employed…

A: since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The table below presents actual household data collected by the BLS for September 2018 and September…

A: Labor force includes employed as well as unemployed workers.