Which of the following statements is TRUE? a. the unemployment rate does not tell anything about the duration of unemployment. b. the duration of unemployment increases during economic expansions. c. the duration of unemployment decreases during recessions. d. both A and B are correct.
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Which of the following statements is TRUE?
a. the
b. the duration of unemployment increases during economic expansions.
c. the duration of unemployment decreases during recessions.
d. both A and B are correct.
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- In a country with a population of 70 million people, there are 30 million children under the age of 15 years, 20 million employed, 10 million pensioners, 7 million unemployed and looking for work. a) The unemployment rate according to the strict definition is 35 % b) The unemployment rate according to the expanded definition is 25.9 % c) The unemployment rate according to the strict definition is 10 % d) The unemployment rate according to the expanded definition is 33.3 %Suppose the 2010 population census in Ghana indicated that there are 120,000 people in the country. 20,000 are children, 18000 are in retirement. 72,000 have jobs and 8,000 are unemployed persons and 2,000 are discouraged, workers. Answers the following questions: a. Compute the Total Labor Force b. Compute the Labour Force Participation Rate c. Compute the unemployment rate I need answers for d and e d. A decrease in the unemployment rate is not necessarily a sign of an improvement in an economy. Explain e. An economist has stated that Ghana's unemployment rate is too high so the government should strive for a zero unemployment rate. Do you agree or disagree with the statement and why?Q.1.4 Out of 20 million people in the population, 9 million people are in the labour forceand 3 million are unemployed, therefore the unemployment rate is: choose the correct answer(2)(a) 3 percent. (b) 15 percent. (c) 30 percent. (d) 33,3 percent.
- This is a two-part question dealing with the unemployment rate. Explain how and why it might be possible for the unemployment rate to fall during the worst part of a recession. Secondly, explain how and why it might be possible for the unemployment rate to rise when the economy is in the early stages of recovery.Why is the unemployment rate never zero, even at full employment? The unemployment rate is never zero, even at full employment, because _______. A. there are always new workers entering the labor market to search for work, workers leaving one job to search for another job, and workers who have been laid off and are searching for another job B. there are always people without jobs because of family responsibilities such as caring for children or elderly parents C. people make lifestyle choices such as early retirement, gap years, and movements from high-stress to low-stress jobs D. cyclical unemployment is always present in the economyWhat type of unemployment might older workers be more prone to experience? Explain how the unemployment rate of older workers is influenced by the business cycle. Older workers are more prone to experience _______ unemployment. During a recession, the unemployment rate of older workers _______. A. structural; decreases B. natural; remains constant C. structural; increases D. frictional; decreases
- The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is. A. If people in the military aren't included in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy? B. If discouraged workers aren't counted in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?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?Suppose the 2010 population census in Ghana indicated that there are 120,000 people in the country. 20,000 are children, 18000 are in retirement. 72,000 have jobs and 8,000 are unemployed persons and 2,000 are discouraged, workers. Answers the following questions: a. Compute the Total Labor Force b. Compute the Labour Force Participation Rate c. Compute the unemployment rate d. A decrease in the unemployment rate is not necessarily a sign of an improvement in an economy. Explain e. An economist has stated that Ghana's unemployment rate is too high so the government should strive for a zero unemployment rate. Do you agree or disagree with the statement and why?
- Explain, using diagrams where appropriate , ONE way unemployment may be caused in an economy and analyse TWO costs of unemployment to an economy.Which phase of the business cycle can describe the unemployment rate at its lowest and inflation is high because of the increase in demand? A) Expansion B) Peak C) Trough D) Downturn2. Which of the following indicates that Mr. Ali lost his job because of the shutdown of an Airline office in Oman? a.Cyclical unemployment b.Classical unemployment c.Disguised unemployment d.Structural unemployment