Foundations of Economics - With MyEconLab
8th Edition
ISBN: 9780134641720
Author: BADE
Publisher: PEARSON
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Chapter 22, Problem 8IAPA
To determine
To explain:
The amount of
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Summarize the articel.
KUALA LUMPUR, Nov 3 ― A research by Khazanah Research Institute (KRI) found that agriculture employment has declined significantly to just 10.2 per cent out of the total employment nationwide in 2019, from 31.2 per cent in 1982.
According KRI’s recently published report, “Work in an Evolving Malaysia: The State of Households 2020 Part II”, the decline was due to the country’s economic structure that has evolved over the years and caused concentration of economic activities continuing to differ between states.
“The agriculture sector however remains an important source of employment in the north and east coast states such as Pahang, and in Sabah and Sarawak,” said KRI in the report.
KRI found that the agriculture jobs tend to have slower productivity levels (Gross Domestic Product per employment) compared to states with less concentration in agricultural activities.
“Additionally, agriculture has consistently reported a higher incidence of fatal injuries.
“In some…
Task 1: A new colleague working with you on the unemployment statistics for this Policy Brief and is feeling a bit puzzled by the labour market data. They tell you: “I don’t understand how sometimes the number of people in employment goes up at the same time that the unemployment also goes up. For example, between July 2022 and August 2022, the number of people in employment increased from 13,620,600 to 13,674,800 but the unemployment rate didn’t fall. Instead, it rose from 3.4% to 3.5%. If there are now more people with jobs, shouldn’t the unemployment rate go down? How is this possible?”
Firstly verify whether your colleague is correct when they say that the unemployment rate increased between July 2022 and August 2022.
Next, help your colleague understand how it is possible for the unemployment rate to rise even though the number of people with jobs also rose. Explain what other economic indicator needs to be monitored, and provide your calculation of the changes in this other…
1. For the following situations, identify the type of unemployment each represents.
d. As the fall harvest ends, agriculture unemployment increases.
e. Janet worked in the drive-up window of a bank. The bank has installed an automated teller machine and has closed the drive-up window. Janet's job no longer exists, so she has to start looking for another job.
f. The state of Missouri has enacted a law stating that no one under the age of 21 can work in an establishment that sells liquor. Mark, an 18-year-old, was working as a waiter in a restaurant that sells alcoholic beverages. He can no longer work at the restaurant.
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