If the number of people in the labor force is 140 million and 130 million people are employed, then the number of people who are unemployed is _________ million.
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Q: R8
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If the number of people in the labor force is 140 million and 130 million people are employed, then the number of people who are
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- 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.of the people described below, who would be counted as unemployed? Choose one or more: A a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job OB. a 17-year-old single parent who has just been laid off and is looking for a new job OC. a second lieutenant in the U.S. Army DD. a full-time college student who plans to look for a job after graduation OE. bin able-bodied 53-year-old who took an early retirement package from her employer OF. a newly graduated Ph.D. who could not find a teaching job and is driving a taxi DG. a student who quit college to look for a modeling job in New York< 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…
- Time Left: 01:5 Population: 360 million Working - age population: 300 million Labor Force: 200 million Number of people Unemployed: 8 million The employment - population ratio for this economy is %, and the unemployment rate for this economy is %.Hand written solutions are strictly prohibited.To be officially unemployed a person must: Select one: reach 21 years of age or older. be in the labour force. be waiting to be called back from a layoff. have just lost a job. a foreigner.
- In a macroeconomy where textile and information technology are among the major industries, the natural rate of unemployment is 5%. Although workers prefer full-time jobs, all industries have a combination of full-time and part- time (underemployed) workers. In 2010, the total population was 10 million with an adult population of 7.8 million, and real output for the year was $270 billion. In the same year, 4.5 million people were employed, 1.5 million people were part-time workers, and 300,000 people were unemployed. Furthermore 400,000 individuals stated that they were discouraged from searching for a job. (Question 4 of 7) Now, consider that at the beginning of 2011, the government implemented a five-year economic growth plan- a set of policies aimed at encouraging foreign investment in the information technology industry. The shift towards the information technology industry impacted the labor market. In addition, initial spillover effect from these investments includes changes in…Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to collect: Unemployment rate 6% Participation rate 62.5% Not in the labor force 63.5 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.Instructions: Enter your responses rounded to one decimal place.Labor force: millionWorking-age population: millionNumber of employed workers: millionNumber of unemployed workers: millionThe U.S. Bureau of Labor Statistics just published the following US information for the month of October: People employed was 170.8 million. The number of people incapable of working was 74.5 million, and those not looking for a job counted to 66.9 million. There was a total of 278.9 million working-age adults and total population was 323.2 million. From this information, calculate: Instructions: Round your answer to no decimal place. Do not round values if used to complete. other calculations. The labor force is: The unemployment rate in October was Labor force participation rate was million. Employment to population ratio was %, %. %.
- The country of Bada has collected the following information: Population (working age). 240,000 Employed 180,000 Unemployed 30,000 Calculate: Labor Force = Unemployment rate = Labor-force participation rate = Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. - Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company and attended night classes at the local college. She would prefer a full-time job.a ) Marie recently graduated from college with a degree in electrical engineering, but she has not yet started working. When will she be counted as “unemployed” according to the BLS? b) Eric was laid off, but he is expecting to be recalled. He has not looked for work since being laid off. Natalie is not employed, nor was she laid off. Who is counted as “unemployed” in the U.S. labor force statistics? c) What are the four different types of unemployment? Explain each.Suppose in 2019, the cost of a market basket of goods was $1,991. In 2021, the cost of the same market basket of goods was $2,150. Calculate the price index for 2021, using the price index formula, assume 2019 is the base year. (Enter your response as an index number rounded to one decimal place.)
