During the Great Recession of 2008, many workers became discouraged and dropped out of the labor force. What counterintuitive effect does this have on the unemployment rate?     The unemployment rate rises to reflect deteriorating conditions in the labor market     The unemployment rate stays the same since discouraged workers are not counted     The unemployment rate declines even though employment conditions are deteriorating.      The unemployment rate rises but the labor force participation rate will decline

Q: Full employment unemployment rate" (also called the natural rate of unemployment) is defined as…

A: Unemployment refers to a state of joblessness during which an individual who is eligible, willing,…

Q: The overall population for Region A is 88 million people. The labor force contains 42 million…

A: Unemployment rate is the rate which shows the how much people have skills and able to work but don't…

Q: whole story. Discuss what the unemployment rate is telling us. Explain what the unemployment rate…

A: In January , the working age population is given by 254.1 million Out of this , employed = 152.1…

Q: Suppose that the natural rate of unemployment is 5% and the actual rate of unemployment is 5%.…

A: Cyclical unemployment is the component of overall unemployment that results directly from cycles of…

Q: If the unemployment rate is 6.2% and the number of people employed is 400,000, total number of…

A: Given that, the unemployment rate is 6.2%  number of people employed is 400,000 we have to find the…

Q: The employment rate reflects:     an increasing number of women in the worforce     a…

A: The employment rate is a measure that reflects the percentage of the working-age population (usually…

Q: Here is some data for an economy. Population: 22.5 million Population under the age of 16 years: 7.5…

A: The objective of the question is to calculate the unemployment rate in the economy based on the…

Q: Consider two hypothetical countries. In Country A, 18 percent of the labour force is unemployed for…

A: Those who are ready to work and able, but unable to find employment opportunities are referred to be…

Q: Full employment is not considered to be zero unemployment, because there are not enough jobs for…

A: The natural rate of unemployment is the sum of frictional and structural unemployment.  Frictional…

Q: Find the absolute change in unemployment rate during 2015 (from Jan 15 to Dec 15).

A: If we want to calculate the absolute change in the unemployment rate during 2015, then it can be…

Q: Which one of the following will increase the officially reported level of unemployment?     A)…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Suppose a number of workers decide to quit their jobs and enter retirement. Assuming this is the…

A: Answer: (1). Increase (2). Decrease Explanation: If some number of people quit their jobs and enter…

Q: Labor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian,…

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…

Q: 2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If…

A: A discouraged worker or labor is a person who can work and eligible for employment but is unemployed…

Q: Consider an economy with the following data: Population (civilian, 16 and older,…

A: Unemployment rate=unemployed/labor force*100 Labor force=employed+unemployed=188+12 =200

Q: Refer to the information provided in Table 1 below. What is the unemployment rate?

A: What is unemployment rate?

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: Which type of unemployment is not included in the natural unemployment rate? Why? Which phase of the…

A: Unemployment is characterized as a circumstance where an individual of working age can't find a new…

Q: Why shouldn’t every adult without a job be classified as part of the official unemployment rate?…

A: Unemployment rate: The unemployment rate is a useful indication of underutilization of the labor…

Q: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

Q: Find the relative change in unemployment from January 2005 to December of 2015.

A: Relative change in the unemployment rate from January 2005 to December 2015 can be calculated by…

Q: In an economy, the working-age population iš 100 million Uf this total, 75 million workers are…

A: Working-age population=100 million Employed: People who are working in a paid job=75 million…

Q: Based on the following data, compute a) the unemployment rate, b) the structural unemployment rate,…

A: (a) The unemployment rate is defined as the proportion of the total labor force (includes both…

Q: Even an economy that is operating at peak efficiency will have a positive unemployment rate.…

A: Unemployment rate is the percentage of labor labor willing and able to work, are unable to find a…

Q: A country's structural unemployment rate is 4.2%, the natural unemployment rate is 5.6%, and the…

A: The unemployment rate is the sum of structural unemployment, frictional unemployment, and cyclical…

Q: The following table includes information on the unemployment rates among workers.   Unemployment…

A: The unemployment rate refers to the portion of the total working labor that is not involved in any…

Q: Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman…

A: Unemployment is a world wide problem. Basically it is generated due to low demand of labour in…

Q: In August of 2020, the United States unemployment rate was 8.4%; in September, it was 7.8%.  Which…

A: The % change formula is: % change =New -oldOld*100

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.