EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 27, Problem 4RQ
To determine
The types of unemployment .
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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
If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10
million unemployed and 150 million employed, the unemployment rate is
O 23.3%
O 6.2%
O 6.7%
O 26.7%
Unemployed
17
Total Population
185
Full time Workers
Discouraged Workers
14
Part Time Workers
Refer to the above information. Figures are in millions. The
unemployment rate in this economy is:
O 12.1 percent
O 13.7 percent
O 15.5 percent
O 12.5 percent
O 13.4 percent
90
20
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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- docs.google.com a 4. A country has a total adult population of 10 million, and of these 210 thousand are currently out of work and actively searching for new employment. A further 2.9 million are not working because they are retired, institutionalized, or simply choose not to work. Finally a total of 10o0 thousand citizens are currently enlisted with the military, what is the current unemployment rate? * 2.1% 3% 4.5% O 2.9% 5. Suppoco vOur fathor oarnod a ooloru O OOarrow_forwardThere are 20 million people in the "relevant population" on the planet of Mandalore. 15 million of these people are in the labor force, including 12.5 million who are employed and 2.5 million who are unemployed. What is the unemployment rate on Mandalore? 83.33% O 20% O 75% O 12.5% 16.67%arrow_forwardTable 28-4 2010 Labor Data for Adults (ages 16 and older) in Meditor 45 million bs million Males not in labor force Females not in labor force Males unemployed Females unemployed Males employed Females employed S million 5 million 85 million 65 million Refer to Table 2s-4 What is the adult female labor-force participation rate in Mediter? O38.1% O61.9% O66.7% D.95 2%arrow_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_forwardIf you graduate college and decide to take your time looking for a job even though you can find one quickly, this will increase 1. frictional unemployment. 2. cyclical unemployment. 3. structural unemployment. 4. persistent unemployment O 4. O 1. O 3. 2.arrow_forwardSuppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent. If 85 million adults are not working, what is the unemployment rate? 55.2 percent 5.9 percent 33.0 percent O 4.0 percentarrow_forward
- Total 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_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_forwardSuppose 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 percentarrow_forward
- 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%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_forwardSuppose 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_forward
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