Directions: answer both problems. Demonstrate and prove your answers. Answer each question fully using definitions, and explanations. 1. Using the table below |(1,000's) Population Labor Force Labor Force 2015 Participation Education 2010 2010 2015 Rate < High School High School 30,900.0 13,500.0 13,905.0 33,800.0 14,280.0 7,725.0 30,000.0 50,000.0 52,000.0 32,500.0 Associates Degree 20,400.0 14,000.0 7,500.0 20,000.0 Bachelors Degree 10,000.0 10,300.0 Population 110,000.0 113,600.0 |(1,000's) U/E rates Unemployed Employed Employed Rates Education 2010 2010 2015 2010 2015 2010 2015 2015 < High School High School 15.0% 18.0% 8.0% 12.0% 2,600.0 4,064.8 Associates Degree 910.0 928.2 Bachelors Degree 193.1 187.5 Population Using the table above calculate, the labor force, Labor force participation rates for each а. group b. Using the table above, calculate, the number of people employed, unemployed, unemployment rates and employment rates for each of the group above. Contrast and compare the groups, which group has the lowest unemployment rates, the C. highest participation rates? How does education play a role for each group as compared to the population in general? Explain fully If the government could implement a policy, how could it improve the unemployment d. rates for the nation or population as a whole? Explain fully. Include why this is important for Gross Domestic Product
Directions: answer both problems. Demonstrate and prove your answers. Answer each question fully using definitions, and explanations. 1. Using the table below |(1,000's) Population Labor Force Labor Force 2015 Participation Education 2010 2010 2015 Rate < High School High School 30,900.0 13,500.0 13,905.0 33,800.0 14,280.0 7,725.0 30,000.0 50,000.0 52,000.0 32,500.0 Associates Degree 20,400.0 14,000.0 7,500.0 20,000.0 Bachelors Degree 10,000.0 10,300.0 Population 110,000.0 113,600.0 |(1,000's) U/E rates Unemployed Employed Employed Rates Education 2010 2010 2015 2010 2015 2010 2015 2015 < High School High School 15.0% 18.0% 8.0% 12.0% 2,600.0 4,064.8 Associates Degree 910.0 928.2 Bachelors Degree 193.1 187.5 Population Using the table above calculate, the labor force, Labor force participation rates for each а. group b. Using the table above, calculate, the number of people employed, unemployed, unemployment rates and employment rates for each of the group above. Contrast and compare the groups, which group has the lowest unemployment rates, the C. highest participation rates? How does education play a role for each group as compared to the population in general? Explain fully If the government could implement a policy, how could it improve the unemployment d. rates for the nation or population as a whole? Explain fully. Include why this is important for Gross Domestic Product
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Directions: answer both problems. Demonstrate and prove your answers. Answer each question fully
using definitions, and explanations.
1.
Using the table below
|(1,000's)
Population
Labor Force
Labor Force
2015 Participation
Education
2010
2010
2015
Rate
< High School
High School
30,900.0
13,500.0
13,905.0
33,800.0
14,280.0
7,725.0
30,000.0
50,000.0
52,000.0
32,500.0
Associates Degree
20,400.0
14,000.0
7,500.0
20,000.0
Bachelors Degree
10,000.0
10,300.0
Population
110,000.0
113,600.0
|(1,000's)
U/E rates
Unemployed
Employed
Employed Rates
Education
2010
2010
2015
2010
2015
2010
2015
2015
< High School
High School
15.0%
18.0%
8.0%
12.0%
2,600.0
4,064.8
Associates Degree
910.0
928.2
Bachelors Degree
193.1
187.5
Population
Transcribed Image Text:Using the table above calculate, the labor force, Labor force participation rates for each
а.
group
b. Using the table above, calculate, the number of people employed, unemployed,
unemployment rates and employment rates for each of the group above.
Contrast and compare the groups, which group has the lowest unemployment rates, the
C.
highest participation rates? How does education play a role for each group as compared
to the population in general? Explain fully
If the government could implement a policy, how could it improve the unemployment
d.
rates for the nation or population as a whole? Explain fully. Include why this is
important for Gross Domestic Product
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