The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. What can we say about the labor force participation rate? It may be smaller, equal to, or greater than 94 percent if 80 percent of the 400 people in Country Y are considered potential workers. b. It is equal to 94 percent. C. It is greater than 94 percent if there are no discouraged workers. d. It is smaller than 94 percent if 80 percent of the 400 people in County Y are considered potential workers. ×

The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. What can we say about the labor force participation rate? It may be smaller, equal to, or greater than 94 percent if 80 percent of the 400 people in Country Y are considered potential workers. b. It is equal to 94 percent. C. It is greater than 94 percent if there are no discouraged workers. d. It is smaller than 94 percent if 80 percent of the 400 people in County Y are considered potential workers. ×

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If the number of people in the labor force is 170 million and 155 million people are employed, then the unemployment rate is __________ percent.
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Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. Who is considered part of the 6 percent of unemployed workers in Country Y? A. John, who is taking a year off to travel after college B. Amanda, who works 20 hours per week at a coffee shop but wants to work full time C. Peter, an engineer who became a stay - at - home husband after his start- up company went bankrupt, but he wants to find a new engineering job D. All of the above
Fill in the blanks using the number that corresponds to the correct word or phrase below Labor statistics Labor force participation rate underemployed Percentage or rate census Not in the Labor force Discouraged workers An individual with a college degree in finance who is working as a sales clerk would be considered . Those who have stopped looking for employment and, hence, are no longer counted in the unemployed are classified as . The percentage of adults in an economy who are either employed or who are unemployed and looking for a job is called Unemployment is calculated as a The Bureau of tracks and reports all data related to unemployment. Children should be counted as Those who have quit looking fo a job, often due to being discouraged by their inability to find suitable employment are counted as The U.S. unemployment rate, which is based on a monthly survey carried out by the U.S. Bureau.
Let's assume that the working-age population of a specific country D is 210 million and 120 million people are in the labor force. If 114 million people are considered employed, and 6 million are considered unemployed, what is the rate of unemployment in percentage?
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
of the people described below, who would be counted as unemployed? Choose one or more: A a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job OB. a 17-year-old single parent who has just been laid off and is looking for a new job OC. a second lieutenant in the U.S. Army DD. a full-time college student who plans to look for a job after graduation OE. bin able-bodied 53-year-old who took an early retirement package from her employer OF. a newly graduated Ph.D. who could not find a teaching job and is driving a taxi DG. a student who quit college to look for a modeling job in New York
The spikes in unemployment are highlights by gray vertical bars. What do these bars represent in the graph?
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A-C pls