structural, nd cyclical unemployment.The type of unemployment most likely to result in hardship for the people who are unemployed isA. trictional because people need to find a new job in the labor market.B. cyclical and trictional because these two types are closely related.O C. cyclical because people have to wait for a recession to end.O D. structural because this type of unemployment requires retraining to acquire new job skills.15) Calculate the missing values in the table below by using the provided data collected in the household survey fSeptember 2016. (Enter your responses as whole numbers).CategoryValueinrkangage ponulariont>>Documents 15) Calculate the missing values in the table below by using the provided data collected in the household survey forSeptember 2016. (Enter your responses as whole numbers).CategoryWorking-age population**ValueEmployed**Unemployed*151,968Unemployment rateLabor force**5.0%Labor force participation rate62.9%*Numbers in thousands16) Suppose an economy is given by:Population 266 millionWorking-age population = 165 millionLabor force = 111 millionThe number of people employed 102 millionThe number of people unemployed 9 millionThe labor force participationrate for this economy is%.17) Your father earned $34,000 per year in 1984. What is that equivalent to in 2008 if the CPI in 2008 is 215 and theCPI in 1984 is 104?A. $73.100B. $34.000C. $16.447D $70 288

Since you have asked multiple questions, we will solve the first question for you. If you want any…

The type of unemployment most likely to result in hardship for the people who are unemployed is A. frictional because people need to find a new job in the labor market. B. cyclical and trictional because these two types are closely related. O C. cyclical because people have to wait for a recession to end. O D. structural because this type of unemployment requires retraining to acquire new job skills.

The type of unemployment most likely to result in hardship for the people who are unemployed is A. frictional because people need to find a new job in the labor market. B. cyclical and trictional because these two types are closely related. O C. cyclical because people have to wait for a recession to end. O D. structural because this type of unemployment requires retraining to acquire new job skills.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

structural, nd cyclical unemployment.
The type of unemployment most likely to result in hardship for the people who are unemployed is
A. trictional because people need to find a new job in the labor market.
B. cyclical and trictional because these two types are closely related.
O C. cyclical because people have to wait for a recession to end.
O D. structural because this type of unemployment requires retraining to acquire new job skills.
15) Calculate the missing values in the table below by using the provided data collected in the household survey f
September 2016. (Enter your responses as whole numbers).
Category
Value
inrkangage ponulariont
>>
Documents

15) Calculate the missing values in the table below by using the provided data collected in the household survey for
September 2016. (Enter your responses as whole numbers).
Category
Working-age population**
Value
Employed**
Unemployed*
151,968
Unemployment rate
Labor force**
5.0%
Labor force participation rate
62.9%
*Numbers in thousands
16) Suppose an economy is given by:
Population 266 million
Working-age population = 165 million
Labor force = 111 million
The number of people employed 102 million
The number of people unemployed 9 million
The labor force participation
rate for this economy is
%.
17) Your father earned $34,000 per year in 1984. What is that equivalent to in 2008 if the CPI in 2008 is 215 and the
CPI in 1984 is 104?
A. $73.100
B. $34.000
C. $16.447
D $70 288

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