Given the data in the table below, the unemployment rate in this economy is equal to: Category Number of people employed 184 structurally unemployed 4 frictionally unemployed 5 cyclically unemployed 7 not in the labor force 200 not in the working-age population 100 [If the image above doesn't appear click here to open it in a new tab.] The answer cannot be determined from the information given. 16%. 8%. The correct answer can be determined from the information given, but it does not appear among the other answers listed. 2.25%.

Given the data in the table below, the unemployment rate in this economy is equal to: Category Number of people employed 184 structurally unemployed 4 frictionally unemployed 5 cyclically unemployed 7 not in the labor force 200 not in the working-age population 100 [If the image above doesn't appear click here to open it in a new tab.] The answer cannot be determined from the information given. 16%. 8%. The correct answer can be determined from the information given, but it does not appear among the other answers listed. 2.25%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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There are 64 unemployed people and 1,066 employed people. What is the unemployment rate? Enter a number (measured in percentage terms) rounded to two decimal places. Do not enter a % sign. ASUS f9 f10 f11 f8 O/京团 f6 f7 f5 E3 f4 X
Consider an economy with 50 people unemployed and 900 employed. Its finding rate is 70% and its separation rate is 10%. What is the current unemployment rate? 50. How many people loose/leave a job in period 1? 51. 52. How many people find a job in period 1? 53. 54. What is the natural rate of unemployment? 55. 56. 57. Is this economy currently in an expansion or recession? How do you know? 58. 59.
Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.
My answer is 3.9 but actual answer is 4.35% please provide calculation!!!
< Consider an economy that initially has a labor force of 1,000 workers. Of these workers, 950.0 are employed and each works 40 hours per week. Ten units of output are produced by each hour of labor. The total number of hours worked per week is 38000 (Round your answer to the nearest whole number). The total output per week is 380000 (Round your answer to the nearest whole number). The unemployment rate is 5% (Round your answer to one decimal place). The economy enters a recession. Employment falls by 4%, and the number of hours per week worked by each employed worker fails by 2%. Employment is now 912 (round to the nearest whole number), and the total number of hours worked per week is now 35,750.4 (round your answer to one decimal place). In addition, 2.0% of the labor force becomes discouraged at the prospect of finding a job and leaves the labor force. The size of the labor force is now (Round your answer to the nearest whole number) The number of workers unemployed is ☐ (Round…
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Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: See attached for table. Question 1 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% The BLS is the Bureau of Labor Statistics, an agency within the Department of Labor. The unemployment rate is calculated by taking a random survey of 60,000 households nationwide. (Note: Households are in the survey for four months, out for eight, back in for four, and then out for good. Interviewers use the phone or home visits using laptops.) The population is divided into three groups: Group 1 consists of those under age 16 or institutionalized.…