Assume 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?

Q: What is the size of the labor force? million What is the official unemployment rate? %

A: The ‘unemployment’ of an economy is the part of the population which is actively finding jobs and…

Q: Assume you have the following information about an economy: Labor Force of an Economy Number of…

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

Q: In a country with a population of 75 million people there are 19 million children under the age of…

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

Q: Suppose a country has a working-age population of 200 million, with 6.82 million unemployed and…

A: Unemployment rate refers the rate of the person who willing to work and have skills but dont have…

Q: Assume that in a country, the total labour force is 150,000 workers, and the total numbers of…

A: Here,  The total labor force is 150,000 workers. The total number of workers employed is 145,500

Q: Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses…

A: Labor force participation refers to the proportion of the working-age population (typically defined…

Q: Ellen is downloading labor market data for the most recent month, but her connection is slow. So far…

A: Total working age population constitutes people in participation rate and people not in labor force.…

Q: Suppose the labour force of an economy is equal to 1,000 and the unemployment on December 2010 is 0.…

A: (Q) Suppose the labour force of an economy is equal to 1,000 and the unemployment in December 2010…

Q: A country has a population of 160 million. Out of this population, the number of retired people is…

A: Note: Since you have posted a question with multiple subparts, we will solve the first three…

Q: Ellen is downloading labor market data for the most recent month, but her connection is slow. So far…

A: Labor Force = Total Employed + Total Unemployed Participation Rate = Labor Force / Working Age…

Q: Consider the following unemployment rate, actual and potential GDP data for a country over several…

A: The given table provides information about the actual output, potential output, and unemployment…

Q: Suppose that the number of non-institutional civilian (working age) population is 150 million. Of…

A: We are going to use a labor force definition to answer this question

Q: Within a country - the number of potential workers is 230 million, the participation rate is 64% and…

A: Number of potential workers (adult population): 230 million Participation rate: 64% Number of…

Q: Suppose the population is 300 million people, the labor force is 200 million people, the number of…

A: Here, given information is, Population: 300 million Labor force: 200 million Employed: 185 million…

Q: The labor force participation rate is the percentage of the working-age population in the labor…

A: The population is 283 million.The working-age population is 186 million.The labor(L) force is 129…

Q: Below is a table with US labour market data (in thousands): 1998 Working-age population 205, 220…

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

Q: Unemployment rate 5.0%      Participation rate 62.5%      Not in the labor force  60 million Find…

A: We can calculate the unemployment rate by dividing the number of unemployed people by the total…

Q: Suppose that the labor force in the Canary Islands is 82,452. There are also 1,631 stay-at-home…

A: The labor force is the sum of employed and unemployed people.  The unemployment rate measures the…

Q: Total population Working-age population Employed A (7,500/75,000) × 100. Unemployed Consider the…

A: Given, Total population = 125,000Working-age population = 75,000Employed = 60,000unempoyed = 7,500…

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: Assume you are told there are 3,000,000 in a country's labor force, 5,000,000 in the population, and…

A: Labor force= employed+unemployed Unemployed = 3,000,000-2,820,000 = 180,000

Q: Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses…

A: Labor force participation = Labor force / working age population Unemployment rate = Number of…

Q: Find the labor force, the working-age population, the number of employed workers, and the number of…

A: Unemployment rate is indicated to the percent(%) of the labor force who are jobless. It is a lagging…

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

A: The unemployment rate refers to the number of people unemployed in total labor force. It is…

Q: What is the unemployment rate in an economy where the entire adult population can be categorized as…

A: The unemployment rate in the economy measures the portion of the labor force that is willing and…