Name one problem with the way the BLS computes the unemployment rate.

Q: n a country with a population of 100 million people there are 20 million children under the age of…

A: Unemployment is a major problem that countries have to deal with, however in order to frame the…

Q: The BLS survey reported the numbers in the table for a small community of 320 people. Calculate the…

A: Labor force are the members of the working age population who are currently looking for a job or has…

Q: What are the personal, economic and social consequences of unemployment?

A: Let us discuss certain concepts related to unemployment:Labor force: In an economy, labor force…

Q: n the following statement: “Wage indexation can lead to an inflation spiral

A: It can be defined as the work of linking the rise in wages to changes in an index of a specific…

Q: What are the possible effects of a high unemployment rate on a country's economy?

A: Unemployment, defined as the condition in which persons who are capable of working and actively…

Q: Calculate the size of the labor force and the unemployment rate if there are 200 frictionally…

A: Given. Fictionally unemployed = 200 Structurally unemployed = 175 Cyclically unemployed = 50…

Q: How does the presence of a discouraged worker affect the unemployment rate?

A: Let us first explain certain concepts related to unemployment rate.Labor force: In an economy, labor…

Q: Does the duration of unemployment matters? Explain your answer.

A: Unemployment in the economy occurs when an individual capable of working and possess the skills to…

Q: f the number of people in the labor force is 170 million and 155 million people are employed, then…

A: labor force = employed + unemployed thus unemployed= 170-155 mn = 15 million

Q: The natural unemployment rate is 4%!

A: The Aggregate Supply (AS) curve represents the whole quantity of products and offerings that every…

Q: What is the link between recession and the variation in unemployment?

A: Recession: During the recession period, the level of economic activities declined. During the period…

Q: Use the following data to calculate the unemployment rate, and answer the questions below total…

A: Labor force refers to the total population which is composed of the employed and unemployed with the…

Q: What term describes the remaining level of unemployment that occurs even when the economy is…

A: If the economy is healthy and still have unemployment, then this term is described by natural…

Q: October 2020 on Sandy Island, 20,000 were employed, , 1,000 were unemployed, and 3,000 were not in…

A: Unemployment is a situation where people do not have jobs and are searching for the new one.

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Unemployment refers to the situation where a person who does not have a job but is actively looking…

Q: Is unemployment typically short-term or long-term?Explain.

A: Unemployment: Joblessness happens when an individual who is effectively looking for business can't…

Q: what is the effect of an increase in unemployment benefits on the equilibrium levels of real wage…

A: Unemployment is defined as the condition where a person who is willing and  able to work is not able…

Q: Thinking about the Economic impact of unemployment and inflation, why should we expect an inverse…

A: The unemployment and the inflation are the two social evil that every economy wishes to reduce and…

Q: Calculate the unemployment rate at the end of May 2018

A: Unemployment occurs when people who are willing to work and are actively looking for jobs cannot…

Q: Illustrate and explain the relationship between inflation and unemployment

A: When people in a nation are able to work and actively seek employment but are unable to find it,…

Q: What is demand-pull inflation?

A: Demand-pull inflation occurs when the AD  for a service or good exceeds the AS. It initiates with…