Question 41 For questions 41-43, consider the data in the table below for a simple economy. The unemployment rate for this simple economy equals Total Population 100,000 Working-Age Population 60,000 Employed 30,000 Unemployed 10,000 O (30,000/40,000) x 100 Percent O (20,000/60,000) x 100 Percent O (20,000/70,000) x 100 Percent O (10,000/40,000) x 100 Percent You learn that of the 60,000 working-age individuals in this economy, 10,000 are discouraged workers that would take a job if offered one but are not actively searching for work. The unemployment rate considering the discouraged workers is O (30,000/60,000) x 100 Percent O (20,000/50,000) x 100 Percent O (20,000/40,000) x 100 Percent O (15,000/50,000) x 100 Percent Question 43 You learn that of the 30,000 employed individuals in this economy, 10,000 are involuntary part-time workers that would like to work 20 more hours per week. The unemployment rate considering the involuntary part time workers is O (15,000/45,000) x 100 Percent O (20,000/45,000) x 100 Percent O (20,000/40,000) x 100 Percent O (15,000/40,000) x 100 Percent

Question 41 For questions 41-43, consider the data in the table below for a simple economy. The unemployment rate for this simple economy equals Total Population 100,000 Working-Age Population 60,000 Employed 30,000 Unemployed 10,000 O (30,000/40,000) x 100 Percent O (20,000/60,000) x 100 Percent O (20,000/70,000) x 100 Percent O (10,000/40,000) x 100 Percent You learn that of the 60,000 working-age individuals in this economy, 10,000 are discouraged workers that would take a job if offered one but are not actively searching for work. The unemployment rate considering the discouraged workers is O (30,000/60,000) x 100 Percent O (20,000/50,000) x 100 Percent O (20,000/40,000) x 100 Percent O (15,000/50,000) x 100 Percent Question 43 You learn that of the 30,000 employed individuals in this economy, 10,000 are involuntary part-time workers that would like to work 20 more hours per week. The unemployment rate considering the involuntary part time workers is O (15,000/45,000) x 100 Percent O (20,000/45,000) x 100 Percent O (20,000/40,000) x 100 Percent O (15,000/40,000) x 100 Percent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For the next question consider the data in the table below for a simple economy. Total Population 50,000 Working-Age Population 40,000 Employed 20,000 Unemployed 5,000 You learn that 2,000 citizens that are not in the labor force would like a job. Consider the 2,000 discouraged workers. The unemployment rate considering the discouraged workers (but not the involuntary part time workers) is Total Population 50,000 Working-Age Population 40,000 Employed 20,000 Unemployed 5,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 31.2% 28.6% C 25.9% d 34.8%
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