To classify: The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

12. (Table: Labor Force Data) Using the data from the table Labor Force Data, suppose the labor force participation rate is 70%. The labor force is equal to: A) 105 million. B) 1,200 million. C) 400 million. D) 50 million.

123.) This question is based on the following information about Rugrats: (The data below represents only Rugrats, of Winnecut, who are over the age of 16.) 10,000 Rugrats live in Winnecut 7000 Rugrats are employed 2000 Rugrats are not employed and are not looking for work 1000 Rugrats are not employed, but are looking and available for work The labor force participation rate in Winnecut is: 12.5% 20% 70% 80%

Examine the table below which contains some labour market data for the Bahamas (2009 - 2014) and answer the questions which follow. Year Avg. monetary labour income for workers in their main occupation in the last month, PPP Avg. monetary labour income for formal workers in their main occupation in the last month, PPP Avg. monetary labour income for informal workers in their main occupation in the last month, PPP Unemployment Rate Monthly Minimum Wage, PPP 2009 2,069.32 1,774.19 3,450.47 13% 770 2011 1,992.92 1,836.31 2,663.86 15% 770 2012 1,818.44 14% 770 2013 1,614.73 1,604.85 1,652.05 14% 770 2014 1,674.15 1,593.31 2,055.34 14% 770 a. Given the theorized relationship between the unemployment rate and the minimum wage in the static model of the labour market, how should the unemployment rate respond to a constant minimum wage? b. How does this compare to the data shown in the table? Explain. c. Note that there is a difference in income depending on…

Answer 2

Question

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Answer 6

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Answer 7

Chapter 22, Problem 1SPPA

To determine

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Answer 8

Expert Solution & Answer

Explanation of Solution

Household 1: Ms. C is working part time because she has worked less than 35 hours a week. She is also looking for a job as she has attended two job interviews also. Mr. J is working full time as he is working more than 35 hours a week. Ms. M is a student and is working part time, 10 hours a week, to meet her daily living expenses and pay her college fees.

Household 2: Mr. J is working full time but was on vacation for one week. Whereas, his wife, Mrs. S is currently working part time and also looking for a full time job. She is working part time until she finds a full time job.

Household 3: Ms. A is working full time and his partner Ms. K did not find job, so she left the labor force and joined school to complete her education. This will improve her resume and her chance of getting a job after completing school will increase.

Household 4: M and H are retired so they are out of labor force. While, their son H is working part time as he is working less than 35 hours per week. He is working part time to earn his livelihood.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Economics Concept Introduction

Part time job:

A person who works less than 35 hours a week is said to be doing a part time job. This job is basically done to earn extra income.

Full time workers:

The workers who work for more than 35 hours a week are said to be full-time workers. People do full time job to earn money on a salary basis.

Answer 12

Ch. 22 - Prob. 1SPPA Ch. 22 - Prob. 2SPPA Ch. 22 - Prob. 3SPPA Ch. 22 - Prob. 4SPPA Ch. 22 - Prob. 5SPPA Ch. 22 - Prob. 6SPPA Ch. 22 - Prob. 7SPPA Ch. 22 - Prob. 8SPPA Ch. 22 - Prob. 9SPPA Ch. 22 - Prob. 1IAPA

To classify: The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

To classify: The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.

Explanation of Solution

Want to see more full solutions like this?

Chapter 22 Solutions

To classify:

The individuals into labor market category used by the BLS, and mention whether the workers are part-time or full-time and also mention which part time worker is doing job for economic reasons.