MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 6, Problem 7SQ
To determine
A labor who takes life due to poor job conditions.
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Students have asked these similar questions
Suppose the unemployment rate is 5%, participation rate is 80%, out of the labour force is 100 million. What is employment (in million)
Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?
Compute the (a) Number of unemployed, (b)
Unemployment-rate, (c) Population, and (d) Labor force
participation rate, using this data:
Number of employed = 1800 million
Not in labour force =730 million
Number of Labour force =2500 million
Chapter 6 Solutions
MACROECONOMICS FOR TODAY
Ch. 6.4 - Prob. 1YTECh. 6.4 - Prob. 2YTECh. 6.4 - Prob. 3YTECh. 6.5 - Prob. 1YTECh. 6 - Prob. 1SQPCh. 6 - Prob. 2SQPCh. 6 - Prob. 3SQPCh. 6 - Prob. 4SQPCh. 6 - Prob. 5SQPCh. 6 - Prob. 6SQP
Ch. 6 - Prob. 7SQPCh. 6 - Prob. 8SQPCh. 6 - Prob. 9SQPCh. 6 - Prob. 10SQPCh. 6 - Prob. 11SQPCh. 6 - Prob. 1SQCh. 6 - Prob. 2SQCh. 6 - Prob. 3SQCh. 6 - Prob. 4SQCh. 6 - Prob. 5SQCh. 6 - Prob. 6SQCh. 6 - Prob. 7SQCh. 6 - Prob. 8SQCh. 6 - Prob. 9SQCh. 6 - Prob. 10SQCh. 6 - Prob. 11SQCh. 6 - Prob. 12SQCh. 6 - Prob. 13SQCh. 6 - Prob. 14SQCh. 6 - Prob. 15SQCh. 6 - Prob. 16SQCh. 6 - Prob. 17SQCh. 6 - Prob. 18SQCh. 6 - Prob. 19SQCh. 6 - Prob. 20SQ
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- Are all adults who do not hold jobs counted as unemployed?arrow_forwardIn 2014, the adult population was 105 million, the number of employed was 65 million, and the number of unemployed was 4.5 million. From 2014 to 2015, 2 million of employed workers became unemployment, 1.2 million of unemployed workers became employed, and 0.5 million of the unemployed workers became discouraged searchers. How many people were in the labour force in 2015? What was the unemployment rate in 2015?arrow_forwardWho are involuntary unemployed? A) Individuals who are willing to work at the market wage but they are unemployed. B) People who have retired early. C) People who have chosen to care for their families or homes rather than seek paid employment. D) Full-time students who do not have paid employment.arrow_forward
- Which of the following statements is correct? A) Employment rate + unemployment rate = 1 B) Participation rate = labour force / population of working age C) Employment rate = employed / labour force D) Unemployment rate = unemployed / employedarrow_forwardWhich of the following people would be considered frictionally unemployed? a The President of the United States b A high school graduate entering the labor market for the first time c An elementary school student d A person laid off from his jobarrow_forward30. In a country total population is 365 million. Of that, the number of under the age of 16 is 255 million. Among the rest of the population, 10 million are out of labor force. 95 million are employed among those who are in labor force. What is the unemployment rate?arrow_forward
- Suppose in Myanmar for 2012, the number of adult population was 239.67 million Among them, 20% are unemployed and 30% were employed. a. Calculate the number of people who are not in the labor force b. Calculate the labor force. c. Calculate the unemployment rate d. Calculate the labor force participation ratearrow_forwardDo a brief description about unemployment rate by educational level. What is the U.S. unemployment rate in 2021? How much was in U.S. 2020 due to the COVID-19, started in Wuhan, China?arrow_forwardSuppose population increases by 1%, labor force increases by 3%, number of unemployedpersons increases by 2%. Compute the percentage changes in a. the labor force participationrate, b. the unemployment rate.arrow_forward
- This is not correct! The natural unemployment rate is 4%! I don't know where the 6% came from?!arrow_forwardYou are given the following information for a country: population of working age 6 million; labour force 4 million; and employed 3.5 million. Based on this information, which of the following is correct? a. There are 2.5 million unemployed in this country. b. The unemployment rate is approximately 8%. c. The employment rate is approximately 88%. d. The participation rate is approximately 67%.arrow_forwardAssume the following information for a country: total population of 35 million; working-age population of 27 million; 10 million are not in the labour force; 15 million are employed; 2 million are unemployed. Calculate the following to two decimal places. a)What is the unemployment rate? Unemployment rate= unemployed people /total labor force ( *100) =2,000,000/ people out of labour force = 10 000000/27000000 = b)What is the labour force participation rate?arrow_forward
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