Okun's Law is defined as: Change in the unemployment rate = - x(g-2%) If the unemployment rate is 3.6% and real GDP grows by 0.5%, the new unemployment rate is%. (Round your response to one decimal place.) Enter your answer in the answer box and then click Check Answer.
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- The population of Tavua is 24,214 people. There are 15,716 people who are currently working, and 941 people who qualify as unemployed. What is Tavua's unemployment rate? Put your answer in percentage form (e.g. 30.51 not 0.3051) and then round to two decimal places.There are 42 unemployed people and 284 employed people. What is the unemployment rate? Enter a number (measured in percentage terms) rounded to two decimal places. Do not enter a % sign.The structural unemployment rate is 2.89% and the frictional unemployment rate is 2.69%. If current cyclical unemployment rate is 8.00%, what is the current natural unemployment rate? Write your answer as a percentage and round at two (2) decimals. Do not write the percentage (%) sign, and use a minus (-) in front of a decrease.
- The country of Altimina has a population of 150,000. According to the latest data, there are 20,000 people under the age of 16, and 30,000 people who are over the age of 16, but not looking for work. Currently, there are 5,000 people who are 16 or older and actively looking for work. The president of Altimina has asked you what the unemployment rate for Altimina is. The unemployment rate is ?%If 15 million people are unemployed and 65 million people are employed, calculate the unemployment rate. Be sure that your answer is in percent, but do not include the percent sign. In other words, if your answer is 33%, just write 33. (Unemployment rates are often written to the nearest tenth of a percent, but I will not take off for rounding.)In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time workers would prefer full-time work. Calculate the unemployment rate. Give only a numerical answer. Where needed, use only a point () for decimals (e.g., 3.25, not 3,25) and no thousands separator (e.g., 2000, not 2,000).
- Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How many people are in Nuku's labor force? Round to the nearest whole number.Suppose a country surveys households and finds that 135 million people can be classified as being employed and 7 million people can be classified as being unemployed. The unemployed are people who do not have jobs but are actively looking for work. Given this information, what do we know about the unemployment rate for this country? The unemployment rate for this country is %. (Round your response to two decimal places.) Suppose this country has a natural rate of unemployment equal to 4.43%. What do we know about the size of the output gap, Y - Yn, in this country? The output gap in this country is million units. (Round your response to two decimal places and use a negative sign if necessary.) Now suppose this country has an a = 0.75 (). What do we know about the change in iflation, a - T( – 1), In this country between the previous year and this year? The change in inflation is percent. (Round your response to two decimal places and use a negative sign if necessary.)Suppose that the number of non-institutional civilian (working age) population is 150 million. Of those, 20 million are neither working nor looking for jobs. If the number of people employed is 100 million, what is the unemployment rate?
- You have the following relationship between unemployment and GDP: u = 8.6 - 0.75(Y - 1000). If Y is 999$, how much is the natural rate of unemployment? What your answer as a percentage, round at one (1) decimal, but do not write the percentage sign. %3DNot all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explain the causes of disparity between current total U.S. unemployment and the unemployment rate for a demographic of your choice. Do not just list unemployment rates. Explain what causes the rates for the demographic of your choice to be different from the National average. Visit the Bureau of Labor Statistics website. What is the current national unemployment rate? Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest. Is the rate for that demographic higher or lower than the national average? What are some reasons for the differences? Do some research in support of what you present. What factors contribute to the differences? Covid-19 caveat: The Pandemic did not necessarily impact all demographics in the same way.2017-18, the Pakistan Bureau of Statistics announced that of all adult Pakistanis, 59,786,200 were employed, 3,613,800 were unemployed, and 58,800,000 were not in the labor force. Use this information to calculate the unemployment rate
