Welcome to Nellyville! The table below contains statistics you can use to calculate the various labor market definitions discussed in class. Assume that full-time students, homemakers, retirees, and those who are too disabled to work are not looking for a job. Also, assume that nobody in Nellyville is institutionalized. Table 2-1 Population (of which 1/2 are 16 and older) Full-time Students Retired Currently working Called in Sick Full-time homemakers (stay at home moms and dads) Currently on Vacation Others Not Working (70 are too disabled to work and 30 quit loc The other 100 are actively seeking employment.) Calculate the Labor Force Participation Rate in Nellyville 30% 15% O 40% O 20% for work months ago. 2,000 100 300 250 30 100 20 200

Welcome to Nellyville! The table below contains statistics you can use to calculate the various labor market definitions discussed in class. Assume that full-time students, homemakers, retirees, and those who are too disabled to work are not looking for a job. Also, assume that nobody in Nellyville is institutionalized. Table 2-1 Population (of which 1/2 are 16 and older) Full-time Students Retired Currently working Called in Sick Full-time homemakers (stay at home moms and dads) Currently on Vacation Others Not Working (70 are too disabled to work and 30 quit loc The other 100 are actively seeking employment.) Calculate the Labor Force Participation Rate in Nellyville 30% 15% O 40% O 20% for work months ago. 2,000 100 300 250 30 100 20 200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

QUESTION TWORecently, the government of the republic of Zambia conducted a 2022 Census of Population and Housing. From the summary results, Zamstats indicated that the 2022 Zambian population is 19,610,769. Assume that 35% of the population are not in the labour force. Suppose also that from those in the labour force, 40% are employed. Determine the total number of people who are;a) not in the labour force.b) in the labour force.c) employed.d) unemployed.
Compare the number of employed adults with cats and without cats. Why are these two numbers relatively close to each other, while the number of adults with and without cats differ so much?
Female and Male labor force participation in the US have similar levels and have followed similar time-trends since 1950 in the United StatesA. TrueB. False
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
Year 2000 2010 Price of an automobile $40, 000 $50, 000 Price of a loaf bread $20 $30 Number of ao=utomobiles produced 100 cars 120 cars Number of loaves of bread produced 600,000 loaves 500, 000 loaves Using the table above calculate: how much have prices risen between the year 2000 and 2010 and comapre the answer given by Laspeyres and Passche price indices
“The unemployment rate dropped to 6.6 per cent in January 2022, which is lower than the pre-pandemiclevels of 7.2 per cent in January 2020. However, the reason behind the dip in unemployment is not theaddition of jobs — rather, it was caused by the decline in the number of people looking for jobs. The numberof unemployed people fell by [6 600 000] in January 2022, as they stopped looking for jobs. Consequently,they were no longer counted as unemployed.”Source: https://www.indiatoday.in/diu/story/unemployment-rate-down-jobs-creation-job-seekers-1915703-2022-02-21Accessed: 21/02/22 1. The unemployment figure presented here is the… a) Seasonal unemployment.b) Narrow definition.c) Expanded definition.d) Real unemployment. 2. Demand-pull inflation can occur when…a) There is a shortage of investment and investors bid up interest rates.b) Inventories shrink and consumers bid up prices.c) There is a surplus of resources and so wages are bid up by employers.d) Undesired investment occurs. 3.…
Using the following data calculate: 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 hrs 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 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (c) suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not workingnand not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unnemployment rate. (d) Illustrate and carefully explain the impact of an increase in the…
Please answer a, b and c. The table below shows the responses to a survey which asked whether a respondent worked in the past week and what their hourly wage was. Respondent Number of Hours Worked Hourly Wage 1 40 $10 2 20 $6 3 40 $8 4 0 $0 5 50 $20 a. What is the average hourly wage for those who worked? b. For those who worked, what is the average number of hours worked? c. What is the unemployment rate if everyone but the fourth respondent is in the labour force? d. What additional information would you need to know to determine if the fourth respondent is in the labour force? e. What is the labour force participation rate if everyone but the fourth respondent is in the labour force?
4 Create the within differenced log wage and education variables for both twins, and denote the variables by wlogwage and weduc. I have the data, which include educ1, educ2, logwage1, and logwage2. I am using STATA. How can I create the within differenced log wage and education and call them by wlogwage and weduc?
Labor Force Characteristics : ( Compute: Population; LFPR; Unemployed; Unemployment rate; Employed; Employment rate; Underemployment rate) The Tuwid na Daan has a labor force of 65M , and those who are out of work is 35M. Break down of those who are institutionalised are as follows: Retirees 5M; below 15 years old 10M; Disabled 5M; and currently enrolled 5M. The Tuwid na Daan government is happy to announce that the number of people working exceeds the number of people looking for work. Although there are 8M working on a job where their skills are higher than necessary. The Tuwid na daan government needs your help, to visualize the economy’s present condition in order to prepare for the future.
How has the distribution of household types inthe United States been changing? What are theimplications of these shifts?
In the middle of each month, the statistical office of Urbanville takes a sample survey of 2,000 people over the age of 16, to determine their labor force status in the previous week. Each respondent is allocated to one of these categories: a) Worked full-time for wages or salary b) Worked part-time for wages or salary c) Self-employed d) Did not work for pay, but looked for work e) Did not work; did not look for work because she thought jobs were not available f) Did not work for pay because she did not want to The results for the second half of 2010 were July August September a) 901 885 868 b) 150 160 170 c) 200 198 196 d) 72 78 85 e) 32 35 38 f) 645 644 642 For each month, calculate and fill in the table below.…