“Labor force denotes the total number of population of a country” Do you agree with this statement? Comment based on the definition of labor force. How can you calculate unemployment rate? “Unemployment is going to be more serious problem of Bangladesh Economy due to Covid-19 crisis.” Explain.

Q: Of the following, who are counted as "unemployed"? Select all answers.   a. A 45-year-old who was…

A: A person who is not currently working but they are able to work and are actively searching for work…

Q: Year Nominal Wage (W) Price Level (P) Real Wage (w) 2018 60 50 2019 4500 75 2020 6000 60 a. When do…

A: Nominal wages are measured in the monetary terms. Real wage is the nominal wages adjusted for the…

Q: To calculate inflation, we a. First calculate price indices. Such as GDP deflator or CPI b.…

A: Inflation refers to the rise in the prices of goods and services in an economy over a period of…

Q: Between 2000 and 2016 by how much did the labor force change? unemployment change? employment…

A: It is given that Labor Force in 2000 is 142583 thousand Labor Force in 2016 is 159187 thousand The…

Q: a. Complete the missing cells of the following table, showing the formulae used and your…

A: The unemployment rate is the fraction of the labor force that is unemployed. The labor force is the…

Q: The ABS reported that in September 2007,a cycle peak,the working-age population was 16,808,200 ,the…

A: The labour force participation rate is a measure of the proportion of a country's working age…

Q: Let's assume that employment is falling, and in 6 months time it will have stopped falling and…

A: The above statement is - TRUE

Q: Who are generally counted in the labour force of a country

A: While it is an established fact that capital and resources are integral to the growth and…

Q: K The cost of a nation's market basket in the base year is $1,200, and the current year's price…

A: Price index measures the overall price level of market basket of goods and services.

Q: table. Employed Unemployed Unemployment Labor Adult Population Country Labor Force Rate…

A: In an economy, labor force, unemployment rate, unemployed, adult population and so on are…

Q: “In 2030, every organization will be a technology organization and as such businesses need to start…

A: In 2030, every organization will be a technology organization and as such businesses need to start…

Q: ceteris paribus, if the labor force participation rate is rising then real GDP per capita tends to…

A: The labor force participations rate is an estimate of an economy's active workforce. Labor…

Q: Which of the following is an example of structural unemployment? A. A teacher who is temporarily…

A: In an economy structural unemployment arises due to a mismatch between skills and job requirements,…

Q: Adult population of the U.S. by group, 2019 # of employed 151.1 million # of unemployed 7.8 million…

A: Given that the adult population of the US by the group- Number of employed = 151.1 million Number…

Q: Given the information below for the country of Manga, answer the following: Calculate the…

A: The unemployment rate will be calculated as follows: 2019 : Adult/Working-age population = 150,000…

Q: Describe the following term: "Unemployment".  Is it: Inflation Price Level National Income none of…

A: Unemployment is defined as when an individual who is willing to work but he is unable to find any…

Q: Compare the agricultural employment share and agricultural labor productivity, both the level and…

A: This question asked us to compare the agricultural employment share and agricultural labor…

Q: Assume that that a country’s total population is 260 million. 24% of the population is under 16…

A: Labor force is the sum of employed people and unemployed people.  Unemplyment rate is the rate of…

Q: Suppose the following data describe a nation's population: Year 1 Year 2 Population 320 million 330…

A: Unemployment rate = (unemployed / labor force) Labor force = Employed + Unemployed…

Q: 28. Older workers are:  A. Much more likely to migrate than younger workers because older workers…

A: There are a number of reasons for the migration of people but the primary reason is economic. It is…

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.