This table shows the 2013 data for males and females aged 15 and over in the country ofBolivar.Not in the Labour ForceMale45 millionFemale35 millionUnemployedMale5 millionFemale5 millionEmployedMaleFemale65 million85 milliona.What is the adult population in Bolivar?b. What is the adult unemployment rate in Bolivar?c. What is the adult labour-force participation rate in Bolivar?d. If the natural rate of adult unemployment rate is 4.5%, what type of unemployment isBolivar is more likely to experience? Explain.

Answer 1. The correct answer is 240 million Total unemployment is 10 million. Total employment is is…

This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. Not in the Labour Force Unemployed Male 5 million Employed Male Male Female Female Female 65 million 45 million 35 million 5 million 85 million What is the adult population in Bolivar? b. What is the adult unemployment rate in Bolivar? c. What is the adult labour-force participation rate in Bolivar?

This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. Not in the Labour Force Unemployed Male 5 million Employed Male Male Female Female Female 65 million 45 million 35 million 5 million 85 million What is the adult population in Bolivar? b. What is the adult unemployment rate in Bolivar? c. What is the adult labour-force participation rate in Bolivar?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

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.
Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Are U.S. unemployment rates distributed evenly across the population?
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?
Do you think perfect indexing is possible? Why or why not?
Describe a situation, either a government policy situation, an economic problem, or a private sector situation, where using the GDP deflator to convert from nominal to real would be more appropriate than using the CPI.