不Ottawa Seeks ways to Speed Up Skills-Training ProgramsLast year, the federal government introduced a training benefit designed to help employed workers upgrade their skills or to help workers made unemployed as a resultof automation to learn new skills that are in demand now.What effect will this training benefit have on Canada's unemployment rate and the natural unemployment rate?This training benefit willOA. decrease; increasethe unemployment rate andthe natural unemployment rate.OB. decrease; not changeOC. increase; increaseOD. decrease; decreaseSource: theglobeandmail.com, April 5, 2020

The introduction of a training benefit by the federal government in Canada, aimed at helping…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following table contains information for Ecoland in 2013. Ecoland Economy: 2013 Thousands of Persons Labour force 17,183 Employment 15,950 Working-age population 25,433 Compute the unemployment rate and the labour force participation rate. A. Unemployment rate = 7.18 percent; labour force participation rate 67.56 percent B. Unemployment rate 1.15 percent; labour force participation rate 48.82 percent O C. Unemployment rate = 8.94 percent, labour force participation rate = 99.96 percent O D. Unemployment rate = 7.23 percent: labour force participation rate 92.84 percent
Suppose th ent prium wage in a certain labor market is $18 per hour. Michelle is curren not employed, but seeking work in that same market and willing to work for $18 per hour. After 5 weeks of searching, Michelle still has not found a job. What would economists say about Michelle's situation? Select the correct answer below: Michelle is involuntarily unemployed. Michelle is voluntarily unemployed. Michelle is not in the labor force. Michelle's situation is an example of frictional unemployment. FEEDBACK
The data below describes Locoland's labor market. Us the information in the table to answer the question that follows. Labor Force Unemployed 240,000 32,000 3.33% 10% 3.13% 13.33% Locoland Labor Market Frictionally Unemployed 16,500 Calculate the natural rate of unemployment? Structurally Unemployed 7,500 Cyclically Unemployed 8,000
Population Employed Structurally Unemployed Frictionally Unemployed Cyclically Unemployed 1,500,000 750,000 25,000 25,000 50,000 1,000,000 Non-institutionalized Adults 22. Using the table above calculate the unemployment rate а. 5.6% b. 6.5% C. 7.1% d. 9.8% e. 11.8% 23. Using the table above calculate the labor force participation rate a. 60% b. 70% C. 80% d. 90% е. 100% 24. The amount of output that is not captured in the production function is considered a. unreconcilable b. total factor productivity
,4. Define and explain what is unemployment?
Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happen to the unemployment rate and the labor force participation rate if homemakers were included in these numbers? OA. Both the unemployment rate and the labor force participation rate would increase. OB. The unemployment rate would increase and the labor force participation rate would decrease, OC. Both the unemployment rato and the labor force participation rate would decrease. OD. The unemployment rate would decrease and the labor force participation rate would increase.
The table below represents the monthly unemployment rates in the US from January of 2005 through May of 2016. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2005 5.3% 5.4% 5.2% 5.2% 5.1% 5.0% 5.0% 4.9% 5.0% 5.0% 5.0% 4.9% 2006 4.7% 4.8% 4.7% 4.7% 4.6% 4.6% 4.7% 4.7% 4.5% 4.4% 4.5% 4.4% 2007 4.6% 4.5% 4.4% 4.5% 4.4% 4.6% 4.7% 4.6% 4.7% 4.7% 4.7% 5.0% 2008 5.0% 4.9% 5.1% 5.0% 5.4% 5.6% 5.8% 6.1% 6.1% 6.5% 6.8% 7.3% 2009 7.8% 8.3% 8.7% 9.0% 9.4% 9.5% 9.5% 9.6% 9.8% 10.0% 9.9% 9.9% 2010 9.7% 9.8% 9.9% 9.9% 9.6% 9.4% 9.5% 9.5% 9.5% 9.5% 9.8% 9.4% 2011 9.1% 9.0% 9.0% 9.1% 9.0% 9.1% 9.0% 9.0% 9.0% 8.8% 8.6% 8.5% 2012 8.2% 8.3% 8.2% 8.2% 8.2% 8.2% 8.2% 8.1% 7.8% 7.8% 7.8% 7.9% 2013 7.9% 7.7% 7.5% 7.5% 7.5% 7.5% 7.3% 7.2%…
Question 9 esc tab Figure 2.5 Unemployment in the adult civilian population, 2013 Unemployed (7.8%) 123 million shift T caps lock K →1 STREAM According to Figure 2.5, the United States civilian unemployment rate in June 2013 was 22.1% 5.0% 07.8% 8.5% Onone of the above Moving to another question will save this response. OType here to search fn Not in Labor Force (35.0%) 88.5 million ? Q a 2 W N * # 3 S E X alt Et 4 Employed (58.9%) 144.8 million D % R C 5 F O T hp 6 V G & a E 00 8 U کے
What are the various impacts of this unemployment to workers and comp ai ne s
Calculate the natural Unemployment rate
MC Qu. 181 Unemployment that occurs when there is... Unemployment that occurs when there is deficient demand for the goods and services of an economy is called Multiple Choice frictional unemployment. cyclical unemployment. natural unemployment. structural unemployment.
urgntly need

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