How is the unemployment rate measured? Question 2Answer a. The number of unemployed divided by the labour force b. The number of unemployed divided by the population c. The number of unemployed divided by the number of people under the age of 15 d. The number of unemployed divided by the number of employed

How is the unemployment rate measured? Question 2Answer a. The number of unemployed divided by the labour force b. The number of unemployed divided by the population c. The number of unemployed divided by the number of people under the age of 15 d. The number of unemployed divided by the number of employed

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 6WNG

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A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Calculate the following 1.The Labour Force Participation rate2.The “official” unemployment rate.
Also define employed person, unemployed person and unemployment rate.
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The labor force participation rate shows the percentage of thelabor force that has a job. labor force that is unemployed. relevant population that is employed. relevant population that is in the labor force.
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: Calculate for the unemployment rate using the table below: Total Population 20 000 Working Age Population 15 000 Employed 1 000 Unemployment 100
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There are 42 unemployed people and 284 employed people. What is the unemployment rate? Enter a number (measured in percentage terms) rounded to two decimal places. Do not enter a % sign. * Previous Next ASUS