In a period with a rising unemployment rate, which of the following is most likely true? A. The population is growing faster than real GDP B. Real GDP is growing slower than the labor force C. The labor force is decreasing while the number of unemployed people is decreasing. D. The number of employed people is increasing as real GDP increases

In a period with a rising unemployment rate, which of the following is most likely true? A. The population is growing faster than real GDP B. Real GDP is growing slower than the labor force C. The labor force is decreasing while the number of unemployed people is decreasing. D. The number of employed people is increasing as real GDP increases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

You are given the following information for a country: population of working age 6 million; labour force 4 million; and employed 3.5 million. Based on this information, which of the following is correct? a. There are 2.5 million unemployed in this country. b. The unemployment rate is approximately 8%. c. The employment rate is approximately 88%. d. The participation rate is approximately 67%.
Recovery won't Improve unemployment Despite some optimism about the seeds of recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBP sees unemployment peaking at 10.4% next year from an average of 9.3% this year, before it falls to 9.1% in 2011. Source: Fortune, August 25, 2009 Why does unemployment continue to rise as an expansion begins? OA. The unemployment rate is a leading indicator of the business cycle, so unemployment continues to rise as an expansion begins. OB. In the early stages of an expansion, the labor force decreases. OC. In the early stages of an expansion, unemployment increases as firms lay off workers in an attempt to cut costs. D. As an expansion begins, previously marginally attached workers look for jobs, exceeding the number of people hired.
Do a brief description about unemployment rate by educational level. What is the U.S. unemployment rate in 2021? How much was in U.S. 2020 due to the COVID-19, started in Wuhan, China?
Considering an economy with a total labour force of 151 million people, in which 144 million people are employed and 7 million people are searching for a job. Including the people who are young but have not yet entered into the labour market, the total adult population is 228.4 million people. The retirees are 2.7 million people. Find a). Unemployment rate b). Employment rate c). Participation rate
Assume that a country's population is 85 million. The number of employed people is 65 million, and the number of unemployed people is 6 million. Find the unemployment rate. Round your answer to the nearest tenth of a percent.
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
Economic
The Unemployment Rate Go to the Bureau of Labor Statistics website (www.bls.gov). Click on "Unemploy- ment Rate." This will retrieve the latest Bureau of Labor Statistics news release regarding the labor force in the United States. Use this news release to answer the following questions: What is the unemploy- ment rate for the last two months? How many people were unemployed in each of the last two months? Did the unemployment rate change between the two months because of a change in the size of the labor force or a change in the number of unemployed people? Explain your answers.
G5
If a person rejoins the labor force and starts looking for work, then the unemployment rate a. increases and the labor-force participation rate is unaffected.b. increases and the labor-force participation rate also increases.c. is unaffected as the labor-force participation rate increases.d. and the labor-force participation rate are both unaffected.
Answer it correctly with short explanation of each.
The population is 2000 people with 700 people being unemployed. 10 stricturally unemployed, 200 fractionally unemployed and 0 cyclically. What’s the labor participation and unemployment rate?