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- A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate isHomemakers are not part of the labour force. Select one: True FalseAdult Population (civilian, non-institutionalized) 14,000 Employed 10,000 Unemployed 2,100 Not in Labor Force 1,900 The labor force participation rate is about: Group of answer choices 86.4% 13.6% 66.6% none of these is even close
- One unintended consequence of unemploymentinsurance is that it reduces thea. search effort of the unemployed.b. income uncertainty that workers face.c. role of unions in wage setting.d. amount of frictional unemployment.Suppose you have $150,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that the inflation rate will be 3% during the year. However, the actual inflation rate for the year is 6%. Calculate the impact of inflation on the bank term deposit you have. ii. Examine the effects of inflation in your city of residence with attention to food and accommodation expenses. iii. The Australian Bureau of Statistics (ABS) reported in May 2016 that the civilian population in Australia over 15 years of age was 19.8 million. Of this population of 19.8 million Australians, 12.5 million were employed and 0.7 million were unemployed. Calculate Australia’s labor force and the number of people in the civilian population who were not in the labor force?if the labor force is 250,000 and the total population 16 years of age or older is 300,000, the labor force participation rate is ?
- Maria was working for an employer and lost her job two months ago. She has not looked for a replacement position because her old employer has asked her to return to work in the next two weeks. Based on this information, how would Maria be classified today according to the BLS? There is more than one answer to this question. in the labor force underemployed not in the labor force unemployed discouraged workerAggregate U.S. health care spending in 2017 was approximately Group of answer choices 5.2 percent of domestic output (GDP). 13.1 percent of domestic output (GDP). 17.9 percent of domestic output (GDP). 21 percent of domestic output (GDP). The unemployed are disproportionately represented among the uninsured because Group of answer choices one must be working to qualify for Medicaid. most workers obtain health insurance through their employers. most are young and in excellent health, so they choose not to purchase health insurance. a large percentage of the unemployed are heads of single-parent families.S1: For the Philippines, net international migration is the difference between the number of Filipinos immigrating to other countries and the number of Filipinos migrating back to the country. S2: Urban and rural areas are completely opposed in terms of available amenities from the local governments and available services from the national government. A. True, True B. True, False C. False, True D. False, False
- The amount of unemployment varies a. little over time and across countries. b. little over time but substantially across countries. c. substantially over time but little across countries. d. substantially over time and across countries987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized a. Using the following data calculate: (i) The Labour Force Participation rate. (ii) The “official” unemployment rate.987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized a. Using the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate.
