What is the difference between being unemployed and being out of the labor force? How do you calculate the unemployment rate? How do you calculate the labor force participation rate?  What is the difference between inflation and deflation? Identify several parties likely to be helped and hurt by inflation.

Q: If a contry has a noninstitutional population of 200 million and a labor force of 160 million and…

A: Labor force participation rate: It indicates the percentage of the working-age population in the…

Q: Why is the unemployment rate sometimes high and sometimes low?

A: Unemployment happens once folks area unit while not work whereas actively looking for employment.…

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 happens to the labor force participation rate when employed individuals are reclassified as…

A: ANS LFPR is the % of the total working-age population those who are either employed or unemployed…

Q: What is the difference between being unemployed and being out of the labor force?

A: The total labor force in an economy consists of all those people who are employed as well as…

Q: A country has 10 million people, 5 million of whom are adults. Of the adults, 0.5 million are not…

A: By dividing the total number of jobless persons in a nation by the total work force, one can get the…

Q: A country has 20 employed workers, 5 unemployed workers still actively seeking jobs, and 10…

A: The unemployment rate, u in short, conveys the portion of labor not used by the industries. It is…

Q: If many workers become discouraged from looking for jobs, explain how the number of jobs could…

A: Labor force includes all the individuals above a particular who are either employed or unemployed.…

Q: Why there is always some level of unemployment?

A: The natural rate of unemployment is a situation that occurs when there is a time lag between moving…

Q: What factors make it difficult to determine the unemployment rate?

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Why is the unemployment rate important?

A: Unemployment is defined as a state in which all those people who are willing to work at the existing…

Q: How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an…

A: Disclaimer: Since you have posted questions with multiple sub-parts, we will solve the first three…

Q: Explain the possible causes of unemployment.

A: The possible causes of unemployment can be either from demand side or supply side. Demand side…

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: what are some causes and effects of unemployment on the economy? what are some ways to combat these…

A: Unemployment is a situation when an able bodied man or woman, who is willing to work at the…

Q: The cause of unemployment?

A: Unemployment refers to the term where an individual who is actively looking for a job is not able to…

Q: importance of employment and unemployment? explain both terms.

A: Definitions:   employment is a significant piece of the economy, social, and natural advancement…

Q: What are the three major types of unemployment? What are their causes?

A: Definition: Unemployment- Unemployment occurs when a person is above a working-age and actively…

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: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

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: The term labor force refers to all those over 16 years of age who are employed, actively seeking…

A: In an economy, employment is considered as a macroeconomic concept, and it is one of the drivers of…

Q: If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor…

A: Given: Total Population= 400,000 Labor Force= 275,000 The labor force is calculated by summation of…

Q: What are two issues with the unemployment rate in any given area?

A: Let us discuss certain concepts related to unemployment rate:Employed: Those people who belong to…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: What are the factors that make it hard to determine the unemployment rate?

A: Unemployment rate is the percentage of labor force who are willing to work but is not able to get…

Q: What would happen to the measured unemployment rate if individuals who had previously left the labor…

A:

Q: During the initial months of the COVID pandemic, the number of unemployed people in the State of…

A: Unemployment is the situation where a person is looking for job and interested to work at prevailing…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: What can be done to decrease unemployment rates?

A: The unemployment rate is derived by dividing the total number of people in the labour force by the…

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Unemployment refers to the situation where a person who does not have a job but is actively looking…

Q: If you are out of school but working part time, are you considered employed or unemployed in U.S.…

A: According to the U.S. labor statistics, any individual who lies under working age population and…

Q: Who reports the official U.S. unemployment rate? How frequently is the survey that determines…

A: The unemployment rate is the rate that doesn’t have a job but actively seeking it from the total…

Q: Look at the following data: Employed persons = 110 million; civilian labor force = 135 million…

A:

Q: The U.S. unemployment rate increased from 4.6% in July 2001 to 5.9% by June 2002. Without studying…

A: The fluctuation in the pattern of unemployment which is caused due to change in business cycle, when…

Q: Can you do anything to reduce the number of people in the following categories? If so, what?…

A: Frictional Unemployment is called as search and wait unemployment. A person is searching and waiting…

Q: Use the information in the following table to solve for the unemployment rate. Population 16 and…

A: The labor force participation rate shows the ratio of labor force and working age population or…

Q: An economist sees the weekly job finding rate and the monthly job losing rate (which is 0,1 and 0,15…

A: The unemployed population is described by those people who are willing to work and are looking to…

Q: Explain and analyze different government policies which affect the unemployment rate in Pakistan?

A: In order to control and influence the economy of a country, fiscal policy is the means by which a…

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

A: The unemployment rate refers to the number of people unemployed in total labor force. It is…

Q: What criteria do the BLS use to count someone as employed? As unemployed?

A: An economy has three groups of people i.e. Employed, unemployed, and third group. Employed people…

Q: There are 500 people of working age. 2500 people are working full time. 900 are working part time.…

A: The unemployment rate is the percentage of the total labor force that is unemployed but is actively…