What are the three categories into which the Bureauof Labor Statistics divides everyone? How does theBLS compute the labor force, the unemployment rate,and the labor-force participation rate?

Q: Number of people Employed: 114 million The unemployment rate for this economy is____________ %, and…

A: Given :  Population=250 million                                             Labor Force= 120 million…

Q: Which of the following give the nominal value of a variable? Check all that apply. Maria's wage is…

A: The main distinction b/w the nominal variables and real variables is that the former is defined in…

Q: The CPI measures approximately the same economicphenomenon asa. nominal GDP.b. real GDP.c. the GDP…

A: ANS CPI is the weighted average level of price of goods & services brought by the households in…

Q: To which of the problems in the construction of the CPI is the creation (innovation) of the mobile…

A: A measure for examining the weighted average of the prices of the basket of consumer services and…

Q: Calculate the labor force participation rate and unemployment rate where a country's total…

A: The labour force participation rate is a measure of the proportion of a country’s…

Q: Please calculate the unemployment rate given the following information: Please round to two…

A: Unemployment rate is the ratio of unemployed people to the total number of people in the labor…

Q: Fill in the missing values in the table of data collected in the household survey for December,…

A: Answer: Given, Working-age population: 235,900 Unemployment rate: 9.4% Labour force participation…

Q: Give three reasons why labour force statistics may not be accurate. For each reason, identify a…

A: Introduction labour force is the number of people who are employed plus the unemployed who are…

Q: Unemployment Rate

A: The employed people or unemployed people consist in the labor force. Here, the unemployed people…

Q: Calculate the missing values in the table below by using the provided data collected in the…

A: Labor force is the number of people who willing to work and working age people who able to work so…

Q: The table shows employment statistics for a fictional country. Use the information to answer the…

A: People who are working or a have are considered employed. People who are looking for a job and are…

Q: Using the following data calculate: (iv) The Labour Force Participation rate.  (v) The “official”…

A: currently working 23,000 volunteer workers 9845(ages 13-14) looking for work 12,000 (ages…

Q: Consider the following data from Statistics Canada, which covers persons of working age (i.e., ages…

A: (a) Unemployment rate = (No. of unemployment people / Labour force) x 100…

Q: Gisêle has just graduated from university. She plans to travel around the country for a few months…

A: Unemployment rate = number of unemployed *100 / labor force  Gisele plans to travel around the…

Q: The country of Altimina has a population of 150,000. According to the latest data, there are 20,000…

A: total population = 150000 not looking for work = 20000+30000 = 50000 no. of people looking for work…

Q: The table below lists hypothetical CPI and wage values for the United States from different decades.…

A:

Q: 4. Please provide a plot of unemployment rate from 1990 to 2021, with quarterly frequency. 5. Please…

A: Since you asked multiple questions, we will solve the first question for you. If you want any…

Q: The working-age population is 24,500,000. Of these, 18,000,000 people had jobs. Of the remainder,…

A: People who are working are considered employed and people who are able and looking for a job are…

Q: Calculate unemployment rate if adult population of the nation is 900 people of which 550 people are…

A: Unemployment rate = Number of unemployed workerLabor force×100where Labor force = Employed person +…

Q: How do you complete the table?

A: In year 2003, we need to determine the LFPR (Labor Force Participation Rate) where LFPR is the ratio…

Q: Consider the following table: The year 2015 Base Year Price Index = (120)   Base Year…

A: A. Nominal GDP 2016 can be calculated as follows: Nominal GDP=5×140=700 million   Real GDP can be…

Q: In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Italian…

A: Answer: Given, Adult-age population = 45.020 million Labor force = 24.065 million Number of people…

Q: Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The table below lists hypothetical CPI and wage values for the United States from different decades.…

A: Real wage is the wage adjusted for inflation. CPI accounts for changes in cost of market basket of…

Q: Calculate unemployment rate if adult population of the nation is 800 people of which 450 people are…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: Fill in the missing values in the table of data collected in the household survey for December,…

A: Answer - Given Unemployment rate = 5.4%Labor force = 135,113Labor force participation rate =…

Q: The table below shows unemployment and labor force statistics for an economy. Actual rate of…

A: The labor force consists of employed and unemployed workers and does not include discouraged worker…

Q: 40. When we want to measure wage inflation in the labor market, we use the: O Consumer Price Index O…

A: Option 3rd is correct.  1st option - incorrect  Consumer price index is used to measure change in…

Q: The BBS reported the following CPI data: June 2016- 201.9 June 2017- 207.2 June 2018- 217.4 d) How…

A: CPI is consumer price index. It measures changes in the prices of certain goods and services. It…

Q: Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to…

A: Labour force is that part of the population which is actively searching for work. It is the…

Q: Who reports the official U.S. unemployment rate? How frequently is the survey that determines…

A: The unemployment rate is the rate that doesn’t have a job but actively seeking it from the total…

Q: List and explain the various unemployment rates used by the BLS, and indicate which one of the 6 is…

A: The Bureau of Labor Statistics (BLS) measures unemployment rates in six categories, they are;U-1…

Q: In 2017-18, the Pakistan Bureau of Statistics announced that of all adult Pakistanis, 59,786,200…

A: Natural unemployment signifies the average rate of unemployment to which a nation approaches in the…

Q: The table below lists hypothetical CPI and wage values for the United States from different decades.…

A: In an economy, real wages can be computed by adjusting the inflation rate from the nominal wage with…

Q: Which of the following is an example of a nominal variable?     A.) Output     B.) Employment…

A: There are two types of variables Macroeconomics is concerned with, nominal and real variable.

Q: Let’s assume that a country in the Caribbean reports the following labour statistical data to its…

A: The people working including the jobless who are searching for employment is the labor force. It is…

Q: What are three problems with the measurement of unemployment, and how might these problems undermine…

A: The unemployment rate receives a lot of attention in the media. The percentage of people in the…

Q: A survey of 200,000 people finds 75,900 "employed," 5,440 "unemployed," and the remaining 117,060…

A: Unemployment rate measures the proportion of labor force that is unable to find a job. It is a…

Q: What is the correlation between CPI and GDP? How does it affect each in a positive way? What is…

A: Relating the Consumer Price Index to the GDP price index and the GDP implicit price deflator U.S.…

Q: A country with a population of eight million adults has five million employed, 500,000 unemployed,…

A: Unemployment rate refers to the percentage of labor force that is jobless.

Q: The following table contains unemployment statistics from 2013 for three different countries:…

A: The unemployment rate in Australia can be calculated by dividing the value of unemployed individuals…

Q: An economy has the following real GDP and nominal GDP price index between 1989 and 1990: year…

A: GDP or Gross Domestic Product is the monetary value of all final products or goods and services,…

Q: What is the Higher Education Price Index (HEPI), where does it fit in with the CPI and PPI, and how…

A: Higher Education price Index represents the price and its adjustments in the charges of the…

Q: The table below presents actual household data collected by the BLS for September 2018 and September…

A: Labor force includes employed as well as unemployed workers.

Q: The following table contains unemployment statistics from 2013 for three different countries:…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: What is the difference between nominal and real variables? Give two examples of each.

A: In economics, a nominal variable is one which is measured at current prices i.e. the prices of the…

Q: Which of the following statements are TRUE? Explain why. 1. Someone who has been laid off for eight…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…