When an economics professor quits his/her job at a university and starts looking for a better job in another university, he/she is Select one: 0 a. frictionally unemployed. b. structurally unemployed. c. cyclically unemployed. d. naturally unemployed.
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- What type of unemployment (cyclical, frictional, or structural) applies to each of the following: landscapers laid off in response to a drop in new housing construction during a recession. coal miners laid off due to EPA regulations that shut down coal fired power a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.Use the data below that describes a nation’s population to answer the following questions: a) How many people are unemployed each year? b) How many people are employed each year? c) What impact would a recession have on the full-employment rate of unemployment of 4.0%? Year 1 Year 2 Population 330 million 335 million Labor Force 170 million 175 million Unemployment rate 7 percent 6 percentSuppose the number of employed people in an economy 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725. a. What is the size of the labor force? is b. How many people are unemployed? c. What is the size of the working-age population?
- Which statement correct describes the U.S. unemployment rate? The U.S. unemployment rate _______. A. shows a downward trend B. increases in recessions C. is calculated as the percentage of the labor force who are unemployed or discouraged D. is calculated as the percentage of the labor force who are unemployed or who are working part time and would like full-time workAssume an economy at a steady-state unemployment rate with a separation rate of 0.20 per year, a job finding rate of 0.60 per year, and the labor force comprised of 3000 individuals. a) Compute the long run unemployment rate. b) How many individuals find a job each year? c) How many individuals get unemployed each year? How many individuals get employed each year?Which of the following people would be considered frictionally unemployed? a The President of the United States b A high school graduate entering the labor market for the first time c An elementary school student d A person laid off from his job
- 4 Out of 20 million people in the population, 9 million people are in the labour force and 3 million are unemployed, therefore the unemployment rate is:(1) 3 percent. (2) 15 percent. (3) 30 percent. (4) 33,3 percent.Assume the number of employed people in Pakistan is 22.5 million in 2020. The number of unemployed people during 2020 in Pakistan is 6 million, and the labor force participation rate is 60 percent. (in brief) What is unemployment rate, size of the labor force and working age-population in the year of 2020 in Pakistan?Suppose there are 50 million persons in the population, 25 million persons in the civilian labor force, and 20 million persons are employed. The number of people unemployed is _______ million and the unemployment rate is ___________ percent. Please choose correct option- A. 25; 50 B. 5; 10 C. 5; 20 D. 10; 10
- Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this economy is 8.8 percent, and the labor force participation rate is 65 percent. i. What is the size of the labor force and working-age population?ii. How many people are unemployed?. Assume that that a country’s total population is 260 million. 24% of the population is under 16 years of age. In addition, 2.3% of adult population are institutionalized. Of the total labor force, 173 million are employed. What is the unemployment rate?if 164.6 million workers are employed and 7.4 million are unemployed, the unemployment rate equals__ percent