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- Explain seasonal, cyclical, technical, frictional, structural, disguised, and under employment in simple words, and give some examplesAlert dont submit AI generated answer. Who is counted as unemployed? (Assume age 15 or older) A person who is not in the labor force Anyone without a job who is currently seeking work. Anyone without a job. A person who has been without a job for a minimum of four weeks.If a contry has a noninstitutional population of 200 million and a labor force of 160 million and 140 million people were employed what is its labor force participation rate and unemployment rate?
- Q7. What type of unemployment (cyclical,seasonal, frictional or structural) applies to each of the following: Only 1 answer each.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 ?Given the data below: Total adult population over the age of 16 249.9 million Employed 148.3 million Unemployed 8.7 million Calculate the size of the labor force in millions
- Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Person Status Sam is a 70-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Teresa is a 27-year-old recent college graduate. She did not work for pay last week, but she had two job interviews. Andrew is a 77-year-old retired professor. He enjoys volunteering at the local public library. Employed Eleanor is a 31-year-old science teacher who taught at River Rock Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor. Darnell is a 20-year-old…If RGDP as measured by the Product Market is shown to be $14T, explain what you would expect RGDP as measured by the Factor Market to be, and why?The adult population is divided into three groups: employed, unemployed, not in the labor force. The latest TUIK labor force statistics for October 2023 show that the largest group is Not in the labor force Retired Unemployed Employed
- An auto company decided to relocate its offices from Huntsville, Alabama to Orlando, Florida. The human resources manager of the auto company refuses to relocate to Orlando due to family obligations. While she is searching for a new job, the manager will be considered: Group of answer choices Cyclically unemployed Frictionally unemployed Structurally unemployed Not fit for consideration for any human resource jobWhen a person is employed in a sector where his/her employment does not make any difference to the output, it signifies the presence of a. Cyclical unemployment b. Frictional unemployment c. Sectoral unemployment d. Disguised unemploymentJames has lost his job and has been unemployed so long that he no longer activly seeks employment. What category does James belong in? discouraged worker unemployed employed instututionalized
