Answered: Employees in employment Unemployed…

Employees in employment Unemployed 169040 28295 (i) Calculate the total labour force. [1] (ii) Calculate the unemployment rate. Show your working. [3]

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 32CTQ: If many workers become discouraged from looking for jobs, explain how the number of jobs could...

See similar textbooks

Similar questions

Question 4 (a) Assume that you are an economic advisor to our Prime Minister. The prime ministers ask you to design a program to reduce the amount of unemployment in Malaysia. What major elements would you include in your plan? Justify your answer, (b) Study the given table and answer the following questions. Year Labor force Employment (thousand) 6350 6850 7042 (thousand) 5790 2017 2018 6290 2019 6686 2020 7241 6926 2021 7441 7148 (a) Calculate the unemployment rate for years 2017 to 2021. (b) What is the percentage of growth in the number of labor force between the year 2017 and 2021?
(b) Study the given table and answer the following questions. Year Labor force Employment 2017 2018 2019 2020 2021 (thousand) 6350 6850 7042 7241 7441 (thousand) 5790 6290 6686 6926 7148 (a) Calculate the unemployment rate for years 2017 to 2021. (b) What is the percentage of growth in the number of labor force between the year 2017 and 2021?
Use the following to answer questions 1-6: Working Age Population Labor Force # of Employed 1. What is the number of unemployed in year 1 in Table 6.1? (A) 60 million. (B) 5 million. 3. What is the unemployment (A) 57.1 percent. Population and labor force data Year 1 140 million 80 million 65 million 2. What is the number of unemployed in year 10 in Table 6.1? (A) 17 million. (B) 78 million. 4. What is the unemployment (A) 86.3 percent. (C) 15 million. (C) 13 million. (B) A positive relationship. (C) No relationship. (D) A negative relationship. rate in year 1 in Table 6.1? (B) 46.4 percent. (C) 18.75 percent. rate in year 10 in Table 6.1? (B) 13.7 percent. (C) 51.3 percent. 5. What is the labor-force participation rate in year 1 in Table 6.1? (A) 9.3 percent. (B) 81.3 percent. (C) 46.4 percent. 6. What is the labor-force participation rate in year 10 in Table 6.1? (A) 59.4 percent. (B) 8.1 percent. (C) 86.3 percent. Year 10 160 million 95 million 82 million (D) 75 million. (D) 65…
Type answer please
Research instrument/ instrumentation for these research questions: 1. What is the unemployment rate of Laborers during the COVID-19 pandemic? 2. What is the relationship between the employment rate to the financial status of the laborers in he province of La union? 3. Is there a significant difference between the factors and the cause of the change in employment rate?
(a) Department of Statistics of Malaysia has collected the following data for year 2020 and 2021: |Population Employed Unemployed 2020 32.60 millions 15.096 millions 0.504 millions 2021 34.30 millions 15.53 millions 0.643 millions i. Calculate Malaysia's labour force for year 2020 and 2021. Calculate Malaysia's unemployment rate for year 2020 and 2021. ii. Calculate Malaysia's labour-participation rate for year 2020 and 2021.
Typed and correct answer please. I ll rate accordingly. Typed answer only
(b) Using the following data calculate:(i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate. 987,156 Currently Working 23,000 volunteer workers9845 (ages 13-14) looking for work 12,000 (ages 15) looking forwork45,600 Part-Time workers 56 family workers who worked15 hrs a week234 Self-Employed 6543 Discouraged Workers67,432 (ages 23-25) looking for work 67,890 laid off receptionistslooking for work544,321 (ages 16-20) looking for work Current population is6,000,0005654 Temp Workers 5000 armed forces543 recent university graduates thatare going back to graduate school3500 institutionalized
Unemployment and the Labor Force The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people (in millions) Employed 5505 Unemployed 492 Not in the labor force 561 Part I - A) What is the total labor force? B) What is the labor force participation rate? (%) C) What is the unemployment rate? (%) Part II- Suppose 256 of the 492 unemployed people have been unemployed for so long that they Stop looking for work. A) What is the new labor force? B) What is the new labor force participation rate? (%) C) What is the new unemployment rate? (%)
Create a table with the National Unemployment rates from February 2020 through October 2020. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 3.5 3.5 4.4 14.7 13.2 11.0 10.2 8.4 7.9 6.9 6.7 6.7 What trend(s) do you observe? Next, review the employment situation summaries from March 2020 and October 2020.
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force? What is the labor force participation rate? %% What is the unemployment rate? %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? %% What is the new unemployment rate? %
1