Macroeconomics
10th Edition
ISBN: 9781319105990
Author: Mankiw, N. Gregory.
Publisher: Worth Publishers,
expand_more
expand_more
format_list_bulleted
Question
Chapter 7, Problem 5QQ
To determine
The effect of increase in the number of discouraged workers
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Which of the following combinations would increase unemployment in an economy?
Select one:
a) High interest rate, low taxes
b) Low interest rate, high taxes
c) Low interest rate, low government spending
d) High interest rate, low government spending
e) Low interest rate, low taxes
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force. What’s the unemployment rate? What share of population is in the labor force? (Show your work in your answer.)
When does the unemployment compensation apply?
How does the unemployment compensation apply?
Knowledge Booster
Similar questions
- If many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.arrow_forwardList and describe the 3 types of unemployment. Give an example of each.arrow_forward4 Out of 20 million people in the population, 9 million people are in the labour force and 3 million are unemployed, therefore the unemployment rate is:(1) 3 percent. (2) 15 percent. (3) 30 percent. (4) 33,3 percent.arrow_forward
- Please explain in detail how population size impacts the rate of unemployment (at least 2 paragraphs)arrow_forwardSelect one or more: a. The unemployment rate is (unemployed/labour force) x 100. b. The participation rate is the (employed/labour force) x 100. c. Someone is counted as unemployed if they do not have a job. d. The unemployment rate is (unemployed/population of working age) x 100.arrow_forwardMention and explain the nature of the workforce and what the different types of unemployment are.arrow_forward
- What are the different types of Unemployment and give at least 2 examplesarrow_forwarda.) what does unemployment mean economically and explain the types of Unemployment? b.) Explain Zero Unemployment.arrow_forwardIn January 2019, the U.S. economy added 302,000 new jobs. Yet the unemployment rate rose from 3.9% to 4.0%. How is this possible?arrow_forward
- 1. (CaseStudy: Hiring Picks Up, But Jobless Rate Rises) Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the improving economic conditions, the labor force increases by 200,000. Would the unemployment rate go up or down?arrow_forwardrhe most significant real economic cost of high unemployment is: a) the potential goods and services that might have been produced but weren't b) the money cost of retraining persons to obtain new jobs c) lost tax revenue that might have been paid by persons if they had worked d)the money cost of unemployment insurance payments to the unemployedarrow_forwardEdna, who lost her job as a teacher and is currently searching Unemployed 7 Total Population 145 {:[" Employed or "],[" seeking work "]:} 80 {:[" Discouraged "],[" Workers "]:} 3 What's the unemployment rate for the above economy? A) 4.76 percent B) 8.75 percent C) 5.0 percent D) 6.9 percentarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax