The labor force participation rate is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population=283 million Working-age population = 186 million Labor force = 129 million The number of people employed = 120 million The number of people unemployed = 9 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)

The labor force participation rate is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population=283 million Working-age population = 186 million Labor force = 129 million The number of people employed = 120 million The number of people unemployed = 9 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)

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

January 2016 January 2015 Washington 3,588,100 209,900 3,521,200 202,700 Resident labor force Unemployed Seattle/Bellevue/Everett Resident labor force 1,594,600 81,400 1,569,800 69,900 Unemployed
Please help solve
Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.
Labour force data for Eturia (all in millions) are shown in the table below. Enter your responses below rounded to one decimal place. 2018 23 15 7.6 0.7 106 2019 24.5 16.5 8.7 0.8 108 Population (millions) Working-age population Labour force Unemployed CPI (2002= 100) a. What are the labour force participation rates in each year? The labour force participation rate for 2018 is b. What are the unemployment rates in each year? The unemployment rate for 2018 is %. for 2019 is c. What are the annual inflation rates in the years 2019 and 2020? % and for 2020 is The annual inflation rate in the year 2019 is d. What was the percentage increase in population in the years 2019 and 2020? % and in 2020 is The percentage increase in population in the year 2019 is e. If the population continues to increase at this rate, how long will it take for the population to double? It will take about years for the population to double. %, for 2019 is < Prev Search 2020 26.09 19.0 %. for 2020 is 4 M 9 8.7 112…
Time Left: 01:5 Population: 360 million Working - age population: 300 million Labor Force: 200 million Number of people Unemployed: 8 million The employment - population ratio for this economy is %, and the unemployment rate for this economy is %.
a ) Marie recently graduated from college with a degree in electrical engineering, but she has not yet started working. When will she be counted as “unemployed” according to the BLS? b) Eric was laid off, but he is expecting to be recalled. He has not looked for work since being laid off. Natalie is not employed, nor was she laid off. Who is counted as “unemployed” in the U.S. labor force statistics? c) What are the four different types of unemployment? Explain each.
there are 50 unemployed people, 1091 employed people, and the adult population is 1532. what is the labor force participation rate ? enter to two decimal places.
Suppose in 2019, the cost of a market basket of goods was $1,991. In 2021, the cost of the same market basket of goods was $2,150. Calculate the price index for 2021, using the price index formula, assume 2019 is the base year. (Enter your response as an index number rounded to one decimal place.)
In the city of Guangzhou, there are 1 million civilians (over 16 years old, non-institutionalized). Of those, 300,000 are employed, and 250,000 are not employed but looking for work. Round to first decimal place if necessary. What is Guangzhou's labor force participation rate? What is Guangzhou's unemployment rate?
What is the unemployment rate in an economy where the entire adult population can be categorized as follows: • 32 million people employed • 2 million people unemployed • 1 million discouraged workers, and • 1 million people who are either students, homemakers, retirees, or other people not seeking employment. 6.3% 5.6% 5.9% 4.8%
Suppose an economy is given by: Population = 203 million Working-age population = 124 million Labor force = 77 million The number of people employed = 70 million The number of people unemployed = 7 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)
The average price of milk per gallon was $1.85 in 1980 and $4.53 in 2017. The consumer price index was 132.4 in 1980 and 231.7 in 2017. Therefore, the real price of milk in 2017 expressed in 1980 dollars was......