Retirement is a fulfillment of the life you built for yourself and your family, and retirement enables you to enjoy your life and the times you have worked. A large number of 60 year-old currently employed workers choose to retire now. How does this affect the labour force participation rate and the unemployment rate? Explain.

Q: Name two jobs that you think would be affected by seasonal unemployment. Explain why they would be…

A: Seasonal unemployment: It is a type of unemployment in which people remain unemployed during…

Q: When the following events happen, does the unemployment rate rise (R), fall (F), or stay the same…

A: Since number of unemployment people increase, unemployment rate increases (R).

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: If a contry has a noninstitutional population of 200 million and a labor force of 160 million and…

A: Labor force participation rate: It indicates the percentage of the working-age population in the…

Q: Which individual is out of the labor force? John is without a job, is able to work, but is not…

A: The individual John who is without a job and able to work, but not actively looking for work is out…

Q: The table below shows information on the adult population of a small country.   Employment…

A: The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a…

Q: Suppose that the adult population is 210 million, and there are 130 million who are employed, and…

A: Unemployment refers to a state at which a person who is actively looking for the work or job but are…

Q: The table below shows information on the adult population of a small country.   Employment…

A: The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a…

Q: Explain each of the four types of unemployment

A: Unemployment refers to the state of being without a job and actively seeking employment. It is a…

Q: What is the labor force participation rate? Not in labor force 76.0 million The labor force…

A: Labor force=employed+unemployed

Q: What is the labor force participation rate?

A: Labour force participation rate can be defined as the working population section in the group of…

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

A: People who are actively looking and able for a job are considered unemployed. People who are working…

Q: How does the graph look for the effect of a temporary but persistent increase in total factor…

A: The TFP describes how effectively inputs and outputs are integrated into an economy. It stands for…

Q: The population of Gilligan’s Island is 100 people: 40 work full-time, 20 work half-time but prefer…

A: The objective of the question is to calculate the unemployment rate and the employment-to-population…

Q: T F Hard-core unemployed workers are those withlittle education or vocational training.

A: Hard-core unemployment refers to the type of unemployment which is witnessed by people who have…

Q: What is being done to end unemployment in the U.S.

A: Answer - Measures to decrease unemployment in U.S. - 1. Stimulus for industries in crisis - U.S.…

Q: Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the…

A: Unemployment rate = number of unemployed *100 / labor force  5 = 7.5*100/labor force  Labor force =…

Q: The population of Gilligan’s Island is 100 people: 40 work full-time, 20 work half-time but prefer…

A: The objective of the question is to calculate the unemployment rate and the employment-to-population…

Q: Define what full employment means.

A: Full employment refer to a situation when all the resources are fully employed at their normal…

Q: If someone wants full time work, but can only find part time work, how might they be described? O…

A: Frictional unemployment occurs when individuals are between jobs or searching for a new job and can…

Q: What type of unemployment is it if a person loses their job and an employment advisor advises you to…

A: Employment: The term employment indicates the state of being employed which means a person works for…

Q: Between 1980 and 2015, by how many percentage did the labor force participation rate of men change?…

A: For men, Old participation rate in 1980 is 77.4 New participation rate in 2015 is 69.1 The…

Q: Jake is a full-time worker. Today, he is fired from his job, and he suddenly decides to retire. Due…

A: Here, jr is given that that an lost his job and become unemployed, but at the same time, he decides…

Q: Find the relative change in unemployment from January 2005 to December of 2015.

A: Relative change in the unemployment rate from January 2005 to December 2015 can be calculated by…