The table below shows employment data for the country of Gerbilville. Status # of people Adult population 1,000 Employed 600 Not working but seeking employment 150 Not working and not seeking employment 250 Which of the following calculations correctly determines the unemployment rate in Gerbilville? Choose 1 answer: 250 1,000 600 1,000 150 600 150 750 x 100 = 25% x 100 60% x 100 25% 150 1,000 X 100 1 20% × 100 1 15% D

The table below shows employment data for the country of Gerbilville. Status # of people Adult population 1,000 Employed 600 Not working but seeking employment 150 Not working and not seeking employment 250 Which of the following calculations correctly determines the unemployment rate in Gerbilville? Choose 1 answer: 250 1,000 600 1,000 150 600 150 750 x 100 = 25% x 100 60% x 100 25% 150 1,000 X 100 1 20% × 100 1 15% D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In an economy, the working-age population is 100 million. Of this total, 75 million workers are employed. 4 million workers are unemployed. 16 million workers are not available for work (homemakers, full-time students, etc.). 3 million workers are available for work but are discouraged and thus are not seeking work. 2 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is%. (Round your answer to one decimal place.)
Yes/no
If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a period of 12 months in a given year, how many spells of unemployment and months of unemployment occur during a year?
The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. NFLATION RATE (Percent) 5.0 4.5 4.0 3.5 2.5 2.0 1.5 1.0 0.5 0 3.0 * 3.5 69 68 ++ 67 66 *65 5.5, 1.4 64 + 62 + 5.0 + 63 4.0 4.5 5.5 6.0 UNEMPLOYMENT RATE (Percent) 61 + 6.5 7.0
The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table. Adult Labor Population Force, Country Japan 109,474 France 16,870 Germany 70,159 $9,591 Labor-Force Unemployment articipation Rate Rate Employed Unemployed 62,510 3,500 2,577 9.69 57.41
14
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You have been asked to provide expertise on the macroeconomic conditions of several countries, and have been given the following information about the labor force, number of employed workers, and natural rate of unemployment in each country: Country Labor Force (millions) Employed (millions) Natural rate of unemployment Bumdumbourge 130 120 6.3% Mundelow 465 437 6.5% Totalslava 88 82 6.9% Potamia 285 264 7.3% Dortugal 311 295 5.5% Prance 396 355 9.2% a. From the data given, which country has the largest number of unemployed people? b. Totalslava has the smallest number of unemployed people; how does its unemployment rate compare to Bumdumbourge and Mundelow? c. Which countries are currently in recession? Which countries are experiencing a boom?
Suppose that you are given the following information: Total Population Adult, noninstitutionalized, nonmilitary population Unemployed adults 300 million 214 million 5 million a. If the labor force participation rate is 75.0%, calculate the size of the labor force: 160.5 million (Enter your response rounded to one decimal place.) b. Determine the number of Employed adults: million. (Enter your response rounded to one decimal place)
Table 28-1. The table below lists the number of people by labor force classification for the country of Shelbyville. 4. Refer to Table 28-1. What is the size of the labor force, and the size of the adult population? 5. Refer to Table 28-1. What is the unemployment rate? 6. Refer to Table 28-1. What is the labor force participation rate?
If Macroland had the following information 200 - Employed Workers 100 - Not working, but still looking for a job 100 - Students not looking for a job 100 - Retired workers 100 - Children What is the Employment to Population Rate? Your answer should be a percentage
What is the natural unemployment rate? What is cyclical unemployment? What is frictional unemployment? What are possible reasons that would create frictional unemployment? What policies can a government follow to reduce frictional unemployment in a country? What is structural unemployment? What are possible reasons that would create structural unemployment? What policies can a government follow to reduce structural unemployment in a country?