Foundations of Economics - With MyEconLab
8th Edition
ISBN: 9780134641720
Author: BADE
Publisher: PEARSON
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Chapter 22, Problem 3SPPA
To determine
To provide:
Two examples of individuals who do a part time job for economic reasons and who do a part time job for non-economic reasons.
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Suppose South Africa’s population comprise 18 000 000 people who are unemployed, 23 000 000 employed, 13 000 000 students, 10 000 000 home-maker, 12 000 000 not economically active, and 45 000 000 people who are not in the age category 15 to 65 years. What does South Africa’s labour force population equal
Participation in the labor force is much lower than it has historically been. How have government benefits, such as food stamps and housing subsidies, affected the labor-leisure choices of individuals?
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Foundations of Economics - With MyEconLab
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- In terms of employment, the best way to describe the dependency ratio is what? A. Working population / unemployed population B. Number of dependents / working population C. Entire population / working population D. None of the abovearrow_forwardThe BLS reported that in June 2019, the labor force was 163.0 million, employment was 157.0 million, and the working-age population was 259.1 million. The BLS also reported that 17.3 percent of all employment in June 2019 was part time and that 4.3 million people worked part time for economic reasons. How many people worked part time for noneconomic reasons?arrow_forwardWhich of the following people would not be counted in the labor force? A) A man who is in jail. B) A woman who is 70 years old and works full time. C) A girl who is 16 and works part time. D) A man who will retire from work in 1 day.arrow_forward
- How does age impact on job mobility? Explain in shortarrow_forwardWhich individual is out of the labor force? John is without a job, is able to work, but is not actively looking for work. Matthew is working 40 hours per week. Mary is without a job, is able to work, and is actively looking for work. Emily is working 6 hours per week.arrow_forwardIf wages are rising over time, what would you predict about the trend in the labor force participation for each of the two populations?arrow_forward
- Who benefits economically from the rise of gig work, like venture capitalists, shareholders, gig workers, customers, or traditional workers?arrow_forwardFor Catherine to be considered out of the labor force, she can be: temporarily absent from her job due to sick leave. working 15 hours per week without pay. a full-time student and is not looking for jobs. self-employed.arrow_forwardWhat are the noneconomic effects of unemployment? Who loses from unemployment?arrow_forward
- Name and explain the two categories of persons in the labor force.arrow_forwardAccording to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6 million. The adult population over the age above 15 years was reported to be about 21.3 million and the labour force is 16.5 million. The population employed was about 13.4 million. Following this information; What is the population of the people that is not included in the labour force? Show your work.arrow_forwardAlert 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.arrow_forward
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