Suppose you live in a community of 5,000 people where everyone wants to work and seeks employment. If 4,000 people are over 16 years old and 3,000 of them are employed, what is the unemployment rate in this community?

Q: Q14. The labor force was 25 million, working age population was 45 million, the number of people…

A: The economics as a study is based upon the idea that the resources which the economies have with…

Q: The economy has part time workers of 20 million people, and full time workers of 140 million people.…

A: The unemployment rate is the percentage of people  in the labour force who are unemployed.  As a…

Q: The image shows information about the employment structure in two countries. Suggest THREE reasons…

A: In economics, employment is described as the state of an individual being employed. It is the…

Q: Suppose Jose earned a 4.8% bonus at work at the start of 2019, but inflation was 2.4% over 2019.…

A: Nominal wage bonus received by the person = 4.8% Inflation rate = 2.4%

Q: Total population Population aged 0-14 Population aged 65+ Labour force Number of unemployed persons…

A: The objective of the question is to calculate the employment to working-age population rate. This…

Q: What are the various impacts of this unemployment to workers and companies?

A: A) UNEMPLOYMENT AMONG VARIOUS GROUPS OF WORKERS:- Unemployement rates are incomplete indicators of…

Q: Ellena's pension was $10 per period in 2033. What amount of money in the base year would give her…

A: Interpretation of Price Indices: Rs 100 in 2033 hold the same purchasing power as Rs. 90 in 2031.…

Q: Briefly explain what do you mean by full employment

A: In an economy, we have two broad concept of full employment and involuntary unemployment.

Q: A person in the civilian labor force falls into one of two categories O a self-employed worker or a…

A: Answer   Option b    unemployed or employed.

Q: Suppose the labor force participation rate is 70% and adult age population is 150 million calculate…

A: labor force participation rate = 70% = 0.7 Adult age population = 150 million Labor force…

Q: Give 4 possible reasons of the correlation between immigration and decreased of unemployment rates?

A: Immigration refers to the inflow of workers into the country. It aggravates the population of the…

Q: The average nominal incomes earned in Eturia and the CPI are shown in the table below. 2018 $26,700…

A: Real income is the income which is inflation adjusted. This means the real income doesn't include…

Q: In early 2020, the US labor-force was approximately 164.5M workers. By April 2020, the official…

A: The unemployment rate is the number of people who are currently unemployed. It is a reactive result,…

Q: Instructions: Round your answers for the working-age population, labor force, employed, and…

A: It can be defined as a method or tool that helps to calculate how much individuals in a nation are…

Q: which type of unemployment reflects the situation above? Define this unemployment.

A: 1) The type of unemployment stated here is cyclical unemployment.

Q: er of unemployed workers is 20 million, the number in the adult population is 500 million, and the…

A: Unemployment Rate = 8% and this means 8% is equal to 20 million where workforce is 100% which is…

Q: In 1969, President Nixon earned a salary of $200,000. The CPI in 1969 was 36.7. In 1980, President…

A: The annual inflationary rate and the index of consumer prices, or CPI, are both key economic…

Q: In a given community, the unemployment rate is 3.1% and their working-age population is 1.2 Million.…

A: The unemployment rate indicates the fraction of the total labor force that is unemployed. The labor…

Q: Question is attahed in image

A: The labor force participation rate is the rate of the total labor force available in the adult…

Q: Suppose you live iw a community of 100 people where everyowe is able and seeks to wetrk. I6 75…

A: Unemployment Rate = Total Unemployed / Total Labor Force * 100 Labor Force Participation Rate =…

Q: Table 22.4 Labor force participation rate Total population 16 years of age and okder 200 million…

A: Unemployment rate is the percentage of unemployed individuals in an economy.

Q: Suppose 2000 people were surveyed, and of those 2000, 900 were working full-time. Of the 1100 not…

A: Labor force is the population which is employed and the population which is unemployed but actively…

Q: Explain the current Canadian unemployment rate in economic terms. No COVID-19 INCLUDED!!!

A: The term unemployment refers to a situation in which people would be ready to work and actively look…

Q: c. Unemployment Rate d. Labor Force Participation Rate

A: Civilan non-institutionalized working age population is that portion of the total population who are…

Q: Unemployment as measured includes the total number of people who would like to have a job but have…

A: Definition of unemployment When a person is able and wants to work but is unable to obtain a job,…