Q: When the economy of a country is operating at full capacity: the unemployment rate is greater than…
A: A country's economy includes all the activities that are related to the production and manufacturing…
Q: Determine whether there is a relationship between the unemployment rate and inflation rate.
A: Inflation rate gives the percentage change in price level over a period of time.Unemployment rate is…
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.
Q: Unemployment is not caused by which one? drops in actual GDP persons looking for more suitable jobs…
A: Unemployment is the condition in the economy when people of the country want to work & are able…
Q: Frictional unemployment may exist under full employment level. True/False
A: Full employment refers to a situation whereby I almost everyone who is willing to work is having…
Q: In this country, million people are unemployed, and the unemployment rate is %. (Round your…
A: Unemployment ; The number of people unemployed in this case is calculated as follows; Unemployment =…
Q: What type of unemployment is most likely to result in a hardship for people who are unemployed?
A: Unemployment is a type of situation in which individuals who are capable and wish to work cannot get…
Q: The unemployment which is in excess of the NAIRU is called _____. A.seasonal unemployment…
A: Answer: NAIRU: The non-accelerating inflation rate of unemployment (NAIRU) refers to the level of…
Q: : This economy is not currently at its natural rate of unemployment.
A: Natural rate of unemployment refers to the unemployment existing in the economy regardless of the…
Q: Cyclical unemployment results from:
A: Cyclical unemployment is directly related to the economic cycle.
Q: How does structural unemployment differ from frictional unemployment?
A: Structural unemployment: Structural unemployment refers to the unemployment that occurs due to the…
Q: Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a…
A: Unemployment rate is the proportion of people unemployed in the economy as a percentage of number of…
Q: How does the presence of a discouraged worker affect the unemployment rate?
A: Let us first explain certain concepts related to unemployment rate.Labor force: In an economy, labor…
Q: An auto worker in Ohio who loses her job because the company relocated the plant to another country…
A: Frictional unemployment arises when a worker is looking for a job in between two jobs held, or a…
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: 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: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…
A: Total population = 300 million Number of employed people =150 million Number of unemployed people…
Q: How might the unemployment rate understate and overstate the amount of joblessness?
A: Unemployment: It refers to the state in which a person is searching for a job but unable to find the…
Q: ) The unemployment rate decreases, and the labour-force participation rate de- creases.
A: Answer for 25th Question Explanation: If AN nonworker equal is searching for work, alternative…
Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…
A: Labor force is the sum of unemployed and employed workers. People who are willing and able to work…
Q: An individual who has a job but has been temporarily absent, with or without pay, is classified as…
A: In an economy, there are different types of unemployment and an individual is classified as employed…
Q: What would happen to the measured unemployment rate if individuals who had previously left the labor…
A:
Q: Suppose that in a population of 50 million people, 40 million are in the labour force, 36 million…
A: Unemployment rate= [Unemployed people/Labor Force]*100 Labor Force=40 million Employed=36 million…
Q: If some employed workers exit the labor force, the unemployment rate will be ______
A: The unemployment rate is a portion of the unemployed of the labor force. The labor force is a sum of…
Q: Find the relative change in the unemployment rate during 2008.
A: Relative change in the unemployment rate during 2008 can be calculated by comparing the unemployment…
Q: The BLS reports six different unemployment rates--the official unemployment rate U-1 and five other…
A: BLS considers only one unemployment rate.
Q: In an economy with an adult population of 120 million, total employment of 90 million, and…
A: A person is said to be a unemployed when he or she is unable to find job at market prevailing wage…
Q: There are 64 unemployed people and 1,066 employed people. What is the unemployment rate? Enter a…
A: ANSThe Unemployment Rate is the % of the working-age population those who are without a job but are…
Q: In a country with a working-age population of 22 million, 16 million are employed, 2 million are…
A: labor force=employed + unemployedlabor force=16+2labor force=18 millions
Q: Which of the following people would be considered frictionally unemployed? Select an answer and…
A: Meaning of Full Employment: The term full employment refers to the situation under which all the…
Q: During which period is inflation and unemployment inversely related?
A: The inverse relationship between inflation and unemployment can be explained by the short-run…
Q: In the above table, the unemployment rate is
A: The unemployment rate is the number of persons who are unemployed out of the total number of persons…
Q: Someone may be unemployed for all of the following reasons, EXCEPT losing a job being an entrant or…
A: A person is said to be unemployed if he/she is willing to work and looking for a job but not getting…
Q: Under what condition would an increase in the unemployment rate be a positive sign?
A: Answer: Frictional unemployment is a temporary phenomenon, which is caused due to cyclical economic…
Q: Why is the optimal rate of unemployment, from an economic perspective, never zero?
A: Answer: The optimal rate of unemployment or natural rate of unemployment refers to the rate of…
Q: The unemployment rate measures:
A: Unemployment is a situation where people are ready to work but they will not get any employment…
Q: Why is the unemployment rate important to evaluate the economic situation of a country
A: The unemployment refers to the situation in which people who are willing to work at the prevailing…
Q: What are some of the problems with using the unemployment rate as an accurate measure of overall…
A: Answer: There are six measures used by the bureau of labor statistics: Unemployment occurs when…
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- 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.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?What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
- Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big way. If we assume that wages are sticky in a downward direction, but that around 1970 the demand for labor equaled the supply of labor at the current wage rate, what do you imagine happened to the wage rate, employment, and unemployment as a result of increased labor force participation?Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people losetheir jobs and remain unemployed for exactly one month; one month later, they find new jobs andbecome employed. In addition, on January 1 of each year, 20 people lose their jobs and remainunemployed for six months before finding new jobs. Finally, on July 1 of each year, 20 people lose theirjobs and remain unemployed for 6 months before finding new jobs.1. What is the unemployment rate in this economy in a typical month?2. What fraction of unemployment spells lasts for one month? What fraction lasts for six months?3. What is the average duration of completed spell of unemployment?4. On a particular date, what fraction of the unemployed are suffering a long spell (six months) ofunemployment? plz solve part 4 ? Thanks.Suppose that 22 million people are employed, 2 million people are unemployed, and 44 million people are 15 years of age or older. Which of the following statements is true? OA. The size of the labour force is 22 million. OB. The unemployment rate is 20%. OC. The labour force participation rate is 54.5%. O D. The unemployment rate is 2%.
- 52No. 11. If the civilian noninstitutional adult population is 300 million, the number of employed persons is 132 million and the unemployed number 10 million, what is the unemployment rate and what is the labor force participation rate?Do solve both parts Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0. Then, suppose that in January 2011 and every month that follows, 79 workers become unemployed for 1 month, 42 become unemployed for 2 months, 27 become unemployed for 3 months and 12 become unemployed for 15 months. 1. At the steady state, what is the unemployment rate? Answer in percentage rounded to the nearest first decimal. 2. What is the average duration in months at the steady state? Round to the nearest first decimal.Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?
- Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent.a. What is the size of the labor force?b. How many people are unemployed?c. What is the size of the working-age population?Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?a) Determine the magnitude of the labour force in the economy?b) What is the Unemployment Rate for people aged 21 – 50? Report as apercentage to two decimal places. c) Calculate the Labour Force Participation Rate for this economy. Report aspercentage to two decimal places. d) Calculate the Unemployment Rate for this economy. Report as a percentage to two decimal places.e) Calculate the Employment Population Ratio for this economy. Repot as apercentage to two decimal places.f) For this part, assume that nothing changed with respect to the population, i.e. those who were working kept their jobs and those who were looking for jobs kept looking for jobs. For answering below questions choose between (will rise/will decrease/remains same) A. A baby is born.i) Unemployment Rate will……………………..ii) Labour Force Participation Rate will………….iii) Employment – Population Ratio will………….B. John, 35 years old, was discouraged by the poor job opportunities, sohe was not working and not looking for a…
