Answer ex 15 a b and c and 16 15. Suppose the number of employed people in an economyis 121,166,640. The unemployment rate in this economy is10.4 percent, or .104, and the labor force participation rate is72.5 percent, or .725.a. What is the size of the labor force?MOTTARAb. How many people are unemployed?c. What is the size of the working-age population?16. On average, nations in Europe pay higher unemploymentbenefits for longer periods of time than does the United States.How do you suppose this would impact the unemploymentrates in these nations? Explain which type of unemploymentyou think is most directly affected by the size and duration ofunemployment benefits.CHAPTER 7 Unemployment, Inflation, and Long-Run Growth

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is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate 72.5 percent, or .725. a. What is the size of the labor force? TA b. How many people are unemployed? c. What is the size of the working-age population?

is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate 72.5 percent, or .725. a. What is the size of the labor force? TA b. How many people are unemployed? c. What is the size of the working-age population?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Answer ex 15 a b and c and 16

15. Suppose the number of employed people in an economy
is 121,166,640. The unemployment rate in this economy is
10.4 percent, or .104, and the labor force participation rate is
72.5 percent, or .725.
a. What is the size of the labor force?
MOTTARA
b. How many people are unemployed?
c. What is the size of the working-age population?
16. On average, nations in Europe pay higher unemployment
benefits for longer periods of time than does the United States.
How do you suppose this would impact the unemployment
rates in these nations? Explain which type of unemployment
you think is most directly affected by the size and duration of
unemployment benefits.
CHAPTER 7 Unemployment, Inflation, and Long-Run Growth

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