### Understanding Labor-Force Participation RateIf the number of unemployed equals 10,000, the number of employed equals 70,000, and the number not in the labor force is 20,000, determine the labor-force participation rate from the options below:- 90%- 80%- 70%- 60%**Explanation:**The labor-force participation rate is calculated using the formula:\[ \text{Labor-force participation rate} = \left( \frac{\text{Labor force}}{\text{Working-age population}} \right) \times 100 \]Where:- **Labor force** = Number of employed + Number of unemployed- **Working-age population** = Labor force + Number not in labor forceLet's calculate:1. **Labor Force** = 70,000 (employed) + 10,000 (unemployed) = 80,0002. **Working-age Population** = 80,000 (labor force) + 20,000 (not in labor force) = 100,000Using the formula:\[ \text{Labor-force participation rate} = \left( \frac{80,000}{100,000} \right) \times 100 = 80\% \]The correct answer is **80%**.

The labor force participation rate is measure of an economy’s active workforce.

Answered: If the number of unemployed equals…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following hypothetical policy changes could lower the official unemployment rate in the Philippines? (i) Increasing the mandatory retirement age in the private sector from 60 to 65 years old (ii) Increasing the years of basic education from 12 years to 13 years (iii) Expanding unemployment benefits provided by the Social Security System in terms of period of eligibility and amount O a. Only (ii) O b. Only (i) and (ii) O c. O d. Only (i) Only (iii)
If there are 3 million discouraged workers, 2.4 million marginally attached workers, the labor force is currently 102.5 million, and the unemployment rate is 5.2%, how many people are unemployed in this country? O 5.2 million O 5.33 million O 8.33 million O 10.73 million
Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m. What is the unemployment rate in Country A? 13.33% 11.76% O 11.11% 8%
Refer to Table 12. The total number of people employed is (CLOS # 2) Table 12. Category Number Labor force participation75% rate Unemployment rate 10% Total population years of age and older) (16100,000 Select one: O a. 60,000. O b. 80,000. O c. 90,000. O d. 67,500.
Please answer ALL of the questions below!!! Make sure it is 100% correct!!!
If the total population of a country is 300 million, the unemployment rate is 5% and theparticipation rate is 65%, the working age population is:O 105.0 millionO 195.0 millionO 285.0 millio
If the labor market flow Pue is found to equal 0.32 for a particular month, this means that a) 32 percent of the total adult population flowed from unemployment to employment during the month. b) 32 percent of the total labor force flowed from unemployment to employment during the month. c) 32 percent of those who were initially unemployed became employed during the month. O d) 32 percent of those who were initially employed became unemployed during the month.
Which of the following statements below is true in terms of unemployment and a healthy economy? O Full employment in an economy means that every adult who is not in school is employed. O Full employment means having some cyclical employment. Full employment in an economy means that the entire labor force is employed. O The natural rate of unemployment is 5%, according to most economists.
Suppose the existing labor force inside the country is 1,000,000 persons, of whom 900,000 are employed and 100,000 unemployed. Suddenly 100,000 overseas workers are thrown out of their jobs overseas and must return home. Of these, 95,000 become employed while 5,000 have difficulty finding jobs and are unemployed. As a result of this development, the unemployment rate of the country__from____to___ O a. rises; 11 percent; 11.6 percent O b. falls; 10 percent; 9.5 percent O c. rises; 10 percent; 11 percent O d. falls; 11 percent; 10 percent
Answer the following three (3) questions on the basis of the following information about a hypothetical economy: Full-time workers 175.2 million Part-time workers 39.0 million Unemployed workers ("actively seeking..") 10.8 million "Discouraged workers" 5.0 million Retirees 38.0 million "Underground economy" 1.0 million TOTAL POPULATION 350 million Question 31 The unemployment rate is: O 5.5% O 4.5% O 6.3% O 4.8% Question 32 If "discouraged workers" were included in the calculations, what would the unemployment rate be? O 7.6% O 6.8% O 7.0% O 7.2%
2. Discuss the labor-force participation trends for men and women since 1950
Refer to Table 10. The labor force participation rate is (CLOS # 2) Table 10 Category Number Employed 120,000 Unemployed 10,000 Not in the iabor 20,000 force Select one: O a. 75.3%. O b. 82.8%. O c. 86.67%. O d. 77.2%.

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If the number of unemployed equals 10,000, the number of employed equals 70,000, and the number not in the labor force is 20,000, the labor-force participation rate is O 90% O 80% O 70% 60%