EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 27, Problem 2P
To determine
The size of labor force and official unemployment rate.
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Students have asked these similar questions
If there are 3 million discouraged workers, 2.4 million marginally attached workers, the labor force is currently 102.5 million, and the unemployment rate is 5.2%, how
many people are unemployed in this country?
O 5.2 million
O 5.33 million
O 8.33 million
O 10.73 million
Suppose the existing labor force inside the country is 1,000,000 persons, of whom 900,000 are employed and 100,000 unemployed. Suddenly
100,000 overseas workers are thrown out of their jobs overseas and must return home. Of these, 95,000 become employed while 5,000 have
difficulty finding jobs and are unemployed. As a result of this development, the unemployment rate of the country__from____to___
O a. rises; 11 percent; 11.6 percent
O b. falls; 10 percent; 9.5 percent
O c.
rises; 10 percent; 11 percent
O d. falls; 11 percent; 10 percent
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Italian
adult non-institutionalized population was 51.070 million, the labor force was 24.710 million, and
the number of people employed was 22.765 million. According to these numbers, the Italian labor-
force participation rate and unemployment rate were about
O 48.4% and 7.9%.
48.4% and 3.8%.
O 44.6% and 7.9%
44.6% and 3.8%
Chapter 27 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
Ch. 27 - Prob. 1DQCh. 27 - Prob. 2DQCh. 27 - Prob. 3DQCh. 27 - Prob. 4DQCh. 27 - Prob. 5DQCh. 27 - Prob. 6DQCh. 27 - Prob. 7DQCh. 27 - Prob. 8DQCh. 27 - Prob. 9DQCh. 27 - Prob. 10DQ
Ch. 27 - Prob. 11DQCh. 27 - Prob. 1RQCh. 27 - Prob. 2RQCh. 27 - Prob. 3RQCh. 27 - Prob. 4RQCh. 27 - Prob. 5RQCh. 27 - Prob. 6RQCh. 27 - Prob. 7RQCh. 27 - Prob. 8RQCh. 27 - Prob. 9RQCh. 27 - Prob. 10RQCh. 27 - Prob. 11RQCh. 27 - Prob. 1PCh. 27 - Prob. 2PCh. 27 - Prob. 3PCh. 27 - Prob. 4PCh. 27 - Prob. 5PCh. 27 - Prob. 6PCh. 27 - Prob. 7P
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- Suppose that the total expenditures for a typical household in 2000 equaled $4,000 per month, while the cost of purchasing exactly the same items in 2005 was $4,500. If 2000 is the base year, the CPI for 2000 equals: Select one: O a. 1.25 O b. 1.00 O c. 1.20 O d. 0.83arrow_forwardTotal Currently employed Not working and Want to work but no population looking for work longer looking for work (millions) (millions) (millions) (millions) 160 80 4 8. In the table above, the unemployment rate is O 15% O 50% O 10% O 4.8%arrow_forwardTotal Currently employed Not working and Want to work but no population looking for work longer looking for work (millions) (millions) (millions) (millions) 160 80 4 8 In the table above, the number of people officially unemployed is O 80 million O 12 million O 8 million O 4 millionarrow_forward
- Suppose that some country had an adult population of about 50 million, 28.5 million were employed and 1.5 million were unemployed. What was the labor force participation rate? 1) 3% O 2) 57% 3) 60% O 4) None of the above is correct.arrow_forwardAttempts Lo No Harm/0.5 3. Discouraged workers and involuntary part-time workers Simply counting the number of unemployed workers will not necessarily give the Bureau of Labor Statistics (BLS) the most accurate indication of the extent of underemployment in the economy. Some part-time workers will be counted as employed even if they'd like to work full-time. Furthermore, some jobless workers will not qualify as unemployed because they have given up on their job search, frustrated with their inability to find work. Fortunately, the BLS can use the information provided in the household survey to classify workers in ways that account for these types of underemployment. The BLS classifies those who work part-time because they cannot find full-time employment as involuntary part-time workers. The BLS classifies as discouraged workers those who want and are available for work but have not searched for employment during the previous four weeks because they believe their job search is…arrow_forwardThe following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2014. Age 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over Total Source: "Labor Force Statistics from the Current Population Survey."Bureau of Labor Statistics. What is the national unemployment rate? O 3.9% O 6.2% Employed Unemployed (Thousands of People) (Thousands of People) 4,548 1,106 13,894 1,747 95,497 5,270 24,395 1,107 7,971 387 146,305 9,617 10.5% 59.0% Not in Labor Force (Thousands of People) 10,979 6,438 23,744 14,262 36,602 92,025arrow_forward
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