EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
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Question
Chapter 7, Problem 2E
(a)
To determine
Graphical representation of employment–population ratio for men and women.
(b)
To determine
Explain the differences in the trends of employment–population ratio.
(c)
To determine
Trends for women employment–population ratio since 2000.
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Using the following population and employment data for the United States (2000-2019), answer three questions.
Total Population Labor Force (in
(in thousands) thousands)
282,434
142,583
285,545
288,600
291,049
293,708
296,639
299,801
302,045
304,906
307,007
309,438
311,663
313,998
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
316,205
318,563
320,897
323,127
325,085
327,096
329,065
%
143,734
144,863
146,510
149,401
149,320
151,428
153,124
154,287
154,142
153,889
153,617
154,995
155,389
155,922
157,130
159,187
160,320
162,075
163,539
%
Unemployment
(in thousands)
5,692
6,801
8,378
8,774
8,149
7,591
Instructions: Enter your responses as a percentage rounded to one decimal place.
In 2019,
%
7,001
7,078
a. what percentage of the labor force was employed?
8,924
14,265
14,825
13,747
12,506
11,460
9,617
8,296
7,751
6,982
6,314
6,001
b. what percentage of the labor force was unemployed?
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c. what percentage of the total population…
Using the following data calculate:
987,156 Currently Working
23,000 volunteer workers
9845 (ages 13-14) looking for work
12,000 (ages 15) looking for work
45,600 Part -Time Workers
56 family workers who worked 15 hrs a week
234 Self Employed
6543 Discouraged Workers
67, 432 (ages 23-25) looking for work
67, 890 laid off receptionists looking for work
544, 321 (ages 16-20) looking for work
Current population is 6,000,000
5454 Temp Workers
5000 armed forces
543 recent university graduates that are going back to graduate school
3500 institutionalized
(i). The number of persons employed.
(ii). The number of persons unemployed.
(iii). The labour force.
Type answer please
if there is unemployment in the labor market, what would you recommend as a set of policies or programs to address such problems. Illustrate your recommendations geometrically (i.e., graphically).
Chapter 7 Solutions
EBK MACROECONOMICS (FOURTH EDITION)
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- Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (iv) The labour force Participation rate (v). The "official" unemployment rate Type answer pleasearrow_forwardThe following table presents historical unemployment and inflation data in the United States for the years 1964 through 1968. Year Unemployment Rate Inflation Rate (Percent) (Percent) 1964 5.2 1.3 1965 4.5 1.6 1966 3.8 2.9 1967 3.8 3.1 1968 3.6 4.2 Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this time period? -The short-run Phillips curve shifted to the right after actual inflation was higher than expected. -The short-run Phillips curve shifted to the left after actual inflation was lower than expected. -The short-run Phillips curve…arrow_forwardUsing the following population and employment data for the United States (2000-2019), answer three questions. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total Population Labor Force (in (in thousands) thousands) 282,434 142,583 285,545 288,600 291,049 293,708 296,639 299,801 302,045 304,906 307,007 309,438 311,663 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 % 143,734 144,863 146,510 149,401 149,320 151,428 153,124 154,287 154,142 153,889 153,617 154,995 155,389 155,922 157,130 159,187 160,320 162,075 163,539 % Unemployment (in thousands) 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,825 13,747 12,506 11,460 9,617 Instructions: Enter your responses as a percentage rounded to one decimal place. In 2019, a. what percentage of the labor force was employed? 8,296 7,751 6,982 6,314 6,001 b. what percentage of the labor force was unemployed? c. what percentage of the total population was…arrow_forward
- The following table contains unemployment statistics from 2013 for three different countries: Canada, the United Kingdom (UK), and Italy. (Source: “International Labor Comparisons.”Bureau of Labor Statistics) Fill in the table using the given data. Country Working-Age (Civilian Not in Civilian Employed Unemployed Unemployment Non-institutionalized) the Labor Force Labor Force (Thousands) (Thousands) Rate Population (Thousands) (Thousands) (Percent) (Thousands) Canada 27,922 9,306 18,616 17,445 1,171 UK 50,473 18,487 29,439 2,547 Italy 26,365 22,620 2,744arrow_forwardThe table below presents actual household data collected by the BLS for September 2018 and September 2019 ( It is attached) Please show me how you got the answer. Use the information in the table above to compute the numerical values for the following categories, for Sept. 18 and Sept. 19 ( Make sure to also Provide the equation or formula you used to calculate each category) Sept. 2019 Sept. 2020 Population Labor force Participation rate Employment-population ratio Unemployment ratearrow_forwardQuestion 3 The table below gives some labor statistics (from the Bureau of Labor Statistics) for years 1995, 2000 and 2005. Use these data to answer the following questions. Express your answers in percentage terms to two places past the decimal. Variable 1995 2000 2005 Population 26,000,000 27,000,000 28,000,000 Adult population 18,000,000 19,000,000 20,500,000 Adult population able to work 17,900,000 18,800,000 20,000,000 Adult population able and wanting to work 15,700,000 16,500,000 18,000,000 Number employed 14,000,000 14,500,000 15,000,000 Number unemployed 1,000,000 1,500,000 2,500,000 a. Define labor force. For each year find the labor force b. Define the labor-force participation rate. Calculate it for each year c. Calculate the unemployment rate for each year.arrow_forward
- The following table presents historical unemployment and inflation data in the United States for the years 1974 through 1978. Unemployment Rate Inflation Rate Year (Percent) (Percent) 1974 5.6 11.0 1975 8.5 9.1 1976 7.7 5.8 1977 7.1 6.5 1978 6.1 7.6 Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. INFLATION RATE (Percent) 6 5 13 12 Data Points 11 10 9 4 2 3 4 5 6 7 B 9 10 11 UNEMPLOYMENT RATE (Percent) Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this time period? The short-run Phillips curve remained stable. The short-run Phillips curve shifted to the left after actual inflation was lower than expected. The short-run Phillips curve shifted to the right…arrow_forwardThe following table contains unemployment statistics from 2013 for three different countries: Australia, the Netherlands, and France. (Source: “International Labor Comparisons.”Bureau of Labor Statistics) Fill in the table using the given data. Country Working-Age (Civilian Not in Civilian Employed Unemployed Unemployment Non-institutionalized) the Labor Force Labor Force (Thousands) (Thousands) Rate Population (Thousands) (Thousands) (Percent) (Thousands) Australia 18,332 6,196 12,136 11,501 635 Netherlands 13,629 4,796 8,364 469 France 22,411 25,547 2,824arrow_forwardUsing the following population and employment data for the United States (2000-2019), answer three questions. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total Population Labor Force (in thousands) (in thousands) 282,434 142,583 285,545 143,734 288,600 144,863 291,049 146,510 293,708 296,639 299,801 302,045 304,906 307,007 309,438 311,663 313,998 316,205 318,563 320,897 323,127 325,085 327,096 329,065 b. unemployment change? million c. employment change? 149,401 149,320 151,428 153,124 154,287 154,142 153,889 153,617 154,995 155,389 million 155,922 157,130 159,187 160,320 162,075 163,539 Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2007 and 2012, by how much did a. the labor force change? million Unemployment (in thousands) 5,692 6,801 8,378 8,774 8,149 7,591 7,001 7,078 8,924 14,265 14,825 13,747…arrow_forward
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