Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 22, Problem 5SPA
To determine
The discouraged workers and their influence on the official
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The population (age 16 and over) of Pageland is 150 million; 11 million are
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Unemployment is 7 percent, and labor force participation is 88 percent.
Unemployment is 7 percent, and labor force participation is 72 percent.
Unemployment is 11 percent, and labor force participation is 66 percent.
Unemployment is 11 percent, and labor force participation is 89 percent.
How is the unemployment rate calculated? Describe the three principal types of unemployment.
The BLS survey reported the numbers in the table for a small community of 320 people.
Calculate the unemployment rate and the labor force participation rate in this community.
The unemployment rate is
>>> Answer to 1 decimal place.
percent.
Category
Worked at least 1 hour as paid employees
Were not working but had jobs or businesses
from which they were temporarily absent
Had no employment and didn't want to work
Were available for work and had looked for
employment last week
Were available for work and were waiting to be
recalled to their previous job
Number
200
10
30
20
10
Chapter 22 Solutions
Pearson eText Economics -- Instant Access (Pearson+)
Ch. 22.1 - Prob. 1RQCh. 22.1 - Prob. 2RQCh. 22.1 - Prob. 3RQCh. 22.1 - Prob. 4RQCh. 22.1 - Prob. 5RQCh. 22.2 - Prob. 1RQCh. 22.2 - Prob. 2RQCh. 22.2 - Prob. 3RQCh. 22.2 - Prob. 4RQCh. 22.2 - Prob. 5RQ
Ch. 22.2 - Prob. 6RQCh. 22.2 - Prob. 7RQCh. 22.3 - Prob. 1RQCh. 22.3 - Prob. 2RQCh. 22.3 - Prob. 3RQCh. 22.3 - Prob. 4RQCh. 22.3 - Prob. 5RQCh. 22.3 - Prob. 6RQCh. 22 - Prob. 1SPACh. 22 - Prob. 2SPACh. 22 - Prob. 3SPACh. 22 - Prob. 4SPACh. 22 - Prob. 5SPACh. 22 - Prob. 6SPACh. 22 - Prob. 7SPACh. 22 - Prob. 8SPACh. 22 - Prob. 9SPACh. 22 - Prob. 10SPACh. 22 - Prob. 11SPACh. 22 - Prob. 12APACh. 22 - Prob. 13APACh. 22 - Prob. 14APACh. 22 - Prob. 15APACh. 22 - Prob. 16APACh. 22 - Prob. 17APACh. 22 - Prob. 18APACh. 22 - Prob. 19APACh. 22 - Prob. 20APACh. 22 - Prob. 21APACh. 22 - Prob. 22APACh. 22 - Prob. 23APACh. 22 - Prob. 24APACh. 22 - Prob. 25APACh. 22 - Prob. 26APACh. 22 - Prob. 27APACh. 22 - Prob. 28APACh. 22 - Prob. 29APA
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- Under what condition would an increase in the unemployment rate be a positive sign?arrow_forwardWhy do you think that unemployment rates are lower for individuals with more education?arrow_forwardIf many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.arrow_forward
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