When we calculate the labor force participation rate we divide people between the adult population and not the adult population. Do each of the following count in the adult population? A 17 year old high school student with no job [Select] A 15 year old who earns income by washing people's garbage cans [Select ] A retired person still capable of working ISelect]

When we calculate the labor force participation rate we divide people between the adult population and not the adult population. Do each of the following count in the adult population? A 17 year old high school student with no job [Select] A 15 year old who earns income by washing people's garbage cans [Select ] A retired person still capable of working ISelect]

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

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Calculate the labour force participation rate based on the following information. LFPR= actual labour force/potential labour force x 100 Total population: 260 millionEmployed: 130 millionUnemployed: 10 millionRetired: 35 millionOutside the working-age group: 60 million
How to calculate the labour force participation rate? Please provide formula Labour force: 140,00 Working age population: 210,900
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
Category Number of Persons Part Time Employees 30 million People Looking for Work in the last 4 weeks and Have not Worked in the Last Week 9.2 million Full Time Employees 101 million Retirees 15.8 million Full Time Students 13 million Workers that haven't looked because they are marginally attached 4.9 million Workers that haven't looked because they are discouraged 4.1 million Assume the table above includes the population of all individuals age 16 or older in this country. What is the labor force participation rate (as a percentage, but omit the % sign, rounded to the nearest tenth)? Note:- Please give me proper calculation with correct answer otherwise i give downvote Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
The labor-force participation rate measures the percentage of the a. total adult population that is in the labor force. b. total adult population that is employed. c. labor force that is employed. d. labor force that is either employed or unemployed.
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.…
Give three reasons why labour force statistics may not be accurate. For each reason, identify a strategy which can be used to improve the labour force statistics
If the employmentminus−population ratio in 2017 was at the same level as it was in 2006 A. the same number of people would have been working in 2017 as were working in 2006. B. an additional 8 million people would have been working in 2017 than actually were. C. 3.5 million fewer people would have been working in 2017 than actually were. D. the number of employed people in 2017 would not have been different.
The members of the parliament want to know why labour force participation ratesfor womenin the 25-34 and 35-49 age groups are lower than the labour force participation rates for men.Use economic theory to explain the reasons behind these differences.
Suppose the labor force participation rate is 50% and adult age population is 120 million calculate labor force ?
Based on the information in the table below, calculate the labor force participation rate, and the percentage or workers out of the labor force: Total adult population over the age of 16 83 million Total in the labor force 63 million Total Employed 60 million Total Unemployed 3 million Total out of the labor force 20 million Group of answer choices Participation rate: 24.1%, Out of the labor force: 92.5% Participation rate: 75.9%; Out of the labor force: 24.1% Participation rate: 5%,Out of the labor force: 15% Participation rate: 24.1%, Out of the labor force:75.9%
Calculate Labor Force Participation Rate Total Population: 500,270,378 Homemakers: 12,874,567 Retired: 42,687,155 Labor Force: 425,314,672 Under the Age of 16: 17,322,654 Discouraged Workers: 37,678,228 Employed: 399,482,365 Underemployed: 14,977,312