Suppose the following data describe a nation's population: Year 1 330 million Year 2 340 million 160 million 6.5 million Population Labor force Unemployed Instructions: Round your responses to two decimal places. a. What is the unemployment rate in each year? Year 1: Year 2: 164 million 6.9 million % b. Between Year 1 and Year 2, i. the number of unemployed persons increased ii. the unemployment rate increased

Suppose the following data describe a nation's population: Year 1 330 million Year 2 340 million 160 million 6.5 million Population Labor force Unemployed Instructions: Round your responses to two decimal places. a. What is the unemployment rate in each year? Year 1: Year 2: 164 million 6.9 million % b. Between Year 1 and Year 2, i. the number of unemployed persons increased ii. the unemployment rate increased

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose you are given the following information: Labor force Adults in the military Nonadult population Employed adults Institutionalized adults Nonmilitary, noninstitutionalized adults not in labor force a. What is the total population? 298.8 million. (Enter your response rounded to one decimal place.) b. Calculate the total number of unemployed people. million. (Enter your response rounded to one decimal place.) Calculate the unemployment rate. % (Enter your response as a percentage rounded to two decimal places.) 206.29 2.67 46.22 194.46 2.82 40.78
Suppose the following data describe a nation's population: Year 1 Year 2 Population 320 million 330 million Labor force 150 million 160 million Unemployment rate 6 percent 6 percent Instructions: Round your responses to one decimal place. a. How many people are unemployed in each year? Year 1: million Year 2: million b. How many people are employed in each year? Year 1: million Year 2: million
Given the numbers in the table, what is the unemployment rate, in percent? (Assume everyone is included in one of the categories.) Round to one decimal place and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your answer is 6.15%, enter 6.2. If appropriate, remember to enter the sign. Category Working Full Time Working Part Time Not Working, Searching for a job Not Working&Not searching for a job; <65 years old Not Working & Not Searching: Full Time Student 15 years old Not Working & Not Searching: Full Time Student 15 years old Not Working, Retired (not searching) 11.1 Number 350 50 50 30 80 20 100
Economic
The country of Bada has collected the following information: Population (working age). 240,000 Employed 180,000 Unemployed 30,000 Calculate: Labor Force = Unemployment rate = Labor-force participation rate = Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. - Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company and attended night classes at the local college. She would prefer a full-time job.
The graph shows the U.S. unemployment rate as a percent of the labor force during the years surrounding the Great Depression, when did the unemployment rate reach its lowest value? Unemployment Rate Select one: a. 1942 20 c. 1937 25 d. 1933 15 b. 1929 10 5 0 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942
Assume the following data for a country: Number of People, Millions Category Total population Population under 16 years of age or institutionalized 500 120 Not in the labor force 140 Unemployed Part-time workers looking for full-time jobs 12 10 Instructions: Enter your answers as a whole number. a. What is the size of the labor force? million b. What is the official unemployment rate? percent
Q4. Assess whether the following would be counted as unemployed or not unemployed in the Current Employment Statistics survey. Write next to the sentence if it’s: A. Not unemployed or B. Unemployed
Calculate all the questions mark things
What are the two biggest recessions in terms of length and magnitude in the Graph. Remember shahded areas show recession and 2020 is not a part of the graph. How does the unemployment rate react during the two main recessions you have identified? Please answer both questions.
Suppose that: a. The unemployment rate is %. (Enter your response rounded to two decimal places.) b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places.) percent. Adult population: Employed adults: Unemployed adults: 261 million 147 million 11 million