Question 2. In a given year, Ottawa has a total population of around 1 million. Suppose that 70 percent of the total population are adults. Assume that 20 percent of the adult population is not looking for a job and 70 percent of the adult population is employed. Compute the following: a. The size of Labour force b. Labour-force participation rate c. Unemployment rate

Question 2. In a given year, Ottawa has a total population of around 1 million. Suppose that 70 percent of the total population are adults. Assume that 20 percent of the adult population is not looking for a job and 70 percent of the adult population is employed. Compute the following: a. The size of Labour force b. Labour-force participation rate c. Unemployment rate

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Suppose that 20,000 of the employed switch to jobs in the underground economy. When interviewed by…

A: Answer in step 2. Note please Post D part separately According to Bartleby guidelines. Thankyou

Q: A nation has a population of 260 million people. Of these, 60 million are retired, in the military,…

A: Given:- Total population=260 million People retire/under 16 years=60 million Employed=188 million…

Q: A country has a population of 160 million. Out of this population, the number of retired people is…

A: Note: Since you have posted a question with multiple subparts, we will solve the first three…

Q: The table gives information about a nation's labor force. What is the number employed? million. The…

A: Meaning of Labor Economics: Here, the term labor economics is all about the output/production in…

Q: 6. A nation has a population of 260 million people. Of these, 60 million are retired, in the…

A: Here we calculate the Unemployment rate by using the given information so the calculation of the…

Q: Please calculate the unemployment rate from the following information. Population 300,000…

A: Unemployment rate refers to the the percentage of the labor force that is unemployed.…

Q: Use the data below that describes a nation’s population to answer the following questions: a) How…

A: Labour force includes unemployed and employed people . Unemployment means people are actively…

Q: In the country of Economica, the total labor force consists of 5,000 workers. 250 of these workers…

A: The labor force that is also known as the presently active population, is made up of all those who…

Q: 16) If the Local employment sector of manufacturing is 40,125 and total local total employment is…

A: Since you have posted multiple independent questions, according to our guidelines, only the first…

Q: Given the data below: Total adult population over the age of 16 249.9 million Employed 148.3…

A: Labor force is the sum of those who are either working or looking for work. The formula for labor…

Q: Macroeco Assign

A: Question 4: a. How does the U.S. government officially measure employment and unemployment in the…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are not in the labor force? What are the proportions of employed, unemployed and nut in the labor force in the population? Hint: Proportions ate percentages.
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Is the higher unemployment rates for minority workers necessarily an indication of discrimination? What could be some other reasons for the higher unemployment rate?
What criteria do the BLS use to count someone as employed? As unemployed?
Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation?
1
The Current Population Survey reports the data for last month: 73 million people had full-time jobs. 10 million people had part-time jobs. 5 million people had no work but were available and had looked for work in the past four weeks. 36 million people of working age did not have jobs and did not want jobs. Calculate last month's labor force and working-age population. 3 tries left Last month, the labor force was was million. A. 98; 134 OB. 93; 124 OC. 88; 134 D. 88; 124 million and the working-age population
2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force = 161.600 Unemployment = 7.757 A. Calculate the number of people (16 years old and over) not in the labor force. B. Calculate the number of employed civilian workers. C. What is the unemployment rate?
Assume the total population is 3500. Of the total population, 1800 are working full-time. Of the not-working population, 1000 are under 16 years of age, 350 are full-time/not-working college students, 50 were retired, 150 had stopped looking for work because they think there were no jobs for them, and 150 are diligently looking for work. 6. Calculate # of non-labor force. 7. Calculate the unemployment rate (%). 8. Assuming "discouraged labor" is considered "unemployed," calculate the unemployment rate (%). -----. -----------
Why does the employment-population ratio have an upward trend from 1960 to 2000? The employment-population ratio has an upward trend because _______. A. the employment-population ratio for men increased B. the employment-population ratio for women increased C. the size of the working-age population was increasing D. the size of the labor force was increasing
EconomicQ7 onlys