Suppose a government report about a country's employment situation reveals the following data (all values are in milliOnS 250 = Working-age population 120 = Employed people 23 = People not working but actively looking for work 24 = Unemployed people who have stopped looking for work 83 = People not working and not seeking work If the country in question is the United States, these data are obtained from From the data above, it can be determined that this country's labor force is million people. It can be determined that this country's unemployment rate is %. (Round your response to one decimal place.) The data indicate that the country's participation rate is %. (Round your response to one decimal place.)

Suppose a government report about a country's employment situation reveals the following data (all values are in milliOnS 250 = Working-age population 120 = Employed people 23 = People not working but actively looking for work 24 = Unemployed people who have stopped looking for work 83 = People not working and not seeking work If the country in question is the United States, these data are obtained from From the data above, it can be determined that this country's labor force is million people. It can be determined that this country's unemployment rate is %. (Round your response to one decimal place.) The data indicate that the country's participation rate is %. (Round your response to one decimal place.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose a government report about a country's employment situation reveals the following data (all values are in millions of people). 250 = Working-age population 120 = Employed people 34 People not working but actively looking for work 31 = Unemployed people who have stopped looking for work 65 = People not working and not seeking work If the country in question is the United States, these data are obtained from household surveys From the data above, it can be determined that this country's labor force is million people.
Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following: d) Not in the labour force (e) Working age population ratio
am. 203.
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What can you conclude about the change in the number of employees over the period? Note: Round your answer to 2 decimal places. Compared to the average of 2015 and 2016, the number of employees is %
In 2017-18, the Pakistan Bureau of Statistics announced that of all adult Pakistanis, 59,786,200 were employed, 3,613,800 were unemployed, and 58,800,000 were not in the labor force. Use this information to calculate the adult population.
Use the table below to answer the following question. \table[[Category, \table[[Number of], [people], [( millions)]]],[Institutionalized, 14], [Full - time workers, 103], [Less than 16 years of age,40], [Armed forces (non - civilian), 20], [Part-time workers,27], [Population, 314], [Looking for work, 14]] What is the unemployment rate for this economy based on the data provided? % Use the table below to answer the following question. Category Institutionalized Full-time workers Less than 16 years of age Armed forces (non-civilian) Part-time workers Population Looking for work Ć What is the unemployment rate for this economy based on the data provided? Number of people (millions) 14 103 40 20 27 314 14
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Give three reasons why labour force statistics may not be accurate. For each reason, identify a strategy which can be used to improve the labour force statistics
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