Refer to the above information. The unemployment rate in Bralone is: Answer the next question(s) on the basis of the following information about the hypothetical economy of Bralone. All figures are in millions. Not in the labor force 45 Unemployed Total population Employed Discouraged workers 7 145 95 6.9 percent. O 3.2 percent. O 2.5 percent. 5.0 percent.

Refer to the above information. The unemployment rate in Bralone is: Answer the next question(s) on the basis of the following information about the hypothetical economy of Bralone. All figures are in millions. Not in the labor force 45 Unemployed Total population Employed Discouraged workers 7 145 95 6.9 percent. O 3.2 percent. O 2.5 percent. 5.0 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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Please confirm my answer and justify!
If there are 3 million discouraged workers, 2.4 million marginally attached workers, the labor force is currently 102.5 million, and the unemployment rate is 5.2%, how many people are unemployed in this country? O 5.2 million O 5.33 million O 8.33 million O 10.73 million
Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m. What is the unemployment rate in Country A? 13.33% 11.76% O 11.11% 8%
Please answer ALL of the questions below!!! Make sure it is 100% correct!!!
If the total population of a country is 300 million, the unemployment rate is 5% and theparticipation rate is 65%, the working age population is:O 105.0 millionO 195.0 millionO 285.0 millio
None
If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is: O 8.0 percent. O 7.4 percent. O 50.0 percent. O 4.0 percent.
Answer the following three (3) questions on the basis of the following information about a hypothetical economy: Full-time workers 175.2 million Part-time workers 39.0 million Unemployed workers ("actively seeking..") 10.8 million "Discouraged workers" 5.0 million Retirees 38.0 million "Underground economy" 1.0 million TOTAL POPULATION 350 million Question 31 The unemployment rate is: O 5.5% O 4.5% O 6.3% O 4.8% Question 32 If "discouraged workers" were included in the calculations, what would the unemployment rate be? O 7.6% O 6.8% O 7.0% O 7.2%
The number of the employed in a country is 55 million; the number of the unemployed is 5 million and those not in the labor force is 40 million. The labor force participation rate in this country is 40% O 50% O 20% O 60% A consumer price index of 100 in 2020 with a base year of 2019 would mean that the cost of the market basket fell (in terms of its opportunity cost) from the cost of the market basket in 2019 O fell 100% from the cost of the market basket in 2019 O rose 100% from the cost of the market basket in 2019 O rose 0% from the cost of the market basket in 2019
When is the economy at the natural rate of unemployment? Select one: O a. All of these choices are correct O b. When everyone in the economy who wants to work is working O c. When the only kinds of unemployment are frictional, structural, and cyclical O d. When everyone in the economy is working Oe. When the only people who want to work and are not working are frictionally unemployed people who are not willing to work unskilled jobs while they search, and structurally unemployed people who are not willing to work unskilled jobs while the get new skills O f. None of these choices are correct