Total populationPopulation aged 0-14Population aged 65+Labour forceNumber of unemployed personsIn this table, we define the working-age population as those aged 15-64. What is the employment to working-age population rate?89.4%87.9%88.1%O92.2%520 million56 million62 million390 million36 millionⒸ92.4%

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

Answered: Total population Population aged 0-14…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Use the following table to answer the next four questions: Group # in Millions Work-eligible population Labor force ??? 181 Not in labor force 95 Employed Unemployed ??? 22 According to the table, the labor force participation rate in this economy is equal to 12.2%. 65.6%. 87.8%. 90.1%. 36.9%. O OOO
Real Wage 60 70 80 90 Number of Workers Demanded 120,000,000 110,000,000 100,000,000 90,000,000 100 80,000,000 110 70,000,000 120 60,000,000 130 50,000,000 140 40,000,000 150 30,000,000 160 20,000,000 170 10,000,000 Labor Force Participation Rate people will have jobs. 30% 35% 40% people will have jobs. 45% 50% 55% 60% 65% 70% 75% 80% Ignore what happened in the previous question. The table above shows some pieces of information about the labor market condition in a country. It shows the number of workers demanded in the country at different levels of real wage. It also shows the labor force participation rates at those real wage levels. For example, if the real wage is 60, only 30% of the civilian population will participate in the labor force. If the real wage is 170, some 85% will participate in the labor force. The general price level in this country is P = 100. The civilian population in this country is 100 million persons. Assume that wages and prices are fully flexible upwards…
30. Calculate the participation rate
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Italian adult non-institutionalized population was 51.070 million, the labor force was 24.710 million, and the number of people employed was 22.765 million. According to these numbers, the Italian labor- force participation rate and unemployment rate were about O 48.4% and 7.9%. 48.4% and 3.8%. O 44.6% and 7.9% 44.6% and 3.8%
8
The Population Survey in Blogsville for the past month is given in the table. In Blogsville last month, how many people were in the labor force and how many people were in the working-age population? In Blogsville last month, million people were in the labour force and were in the working-age population OA 72, 76 OB. 76:90 OC. 83,987 OD. 76: 109 million people Question facts 1.61 million people had full-time jobs 2.11 million people had part-time jobs 3.4 million people were without work but were available for work and had made specific efforts to find a job within the past four weeks or were waiting to be recalled from a layoff or had a new job to start within the next four weeks 4.3 million part-time workers were looking for full-time jobs 5.22 million people of working age did not have jobs and did not want jobs
Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m. What is the unemployment rate in Country A? 13.33% 11.76% O 11.11% 8%
fill in the blank year population employed unemployed labor force unemp. Rate LFPR 1.0 300 1000 0.50 2.0 1800.00 800 0.70 3.0 1600.00 700 0.45 0.80
L 10:22 Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Unemployment Rate % 8.24 8.24 8.28 8.31 8.35 8.24 7.58 7 6.60 9.0 Inflation rate % -1.10 0.92 1.60 1.30 0.51 1.20 -0.86 0.66 1.15 0.27 8+ Economic growth rate% -0.45 1.26 -0.11 3.86 4.53 4.09 3.37 0.11 -1.69 1.10 all 17 (b) "Developing countries, like those in the Caribbean, have low economic growth and high unemployment because there is too much labour but not enough capital. Using the data above, your economic knowledge as well as additional research, critically evaluate this statement by providing THREE reasons for and THREE reasons against. Ensure that you provide a relevant real-world example from your assigned Caribbean country to support EACH point. Reasons should be supported using either quantitative evidence and/or real-world examples obtained from the assigned country. O
Total Population Civilian Population Employed Unemployed 300,000 250,000 127,500 22,500 The above table shows some labor market data for a country. Potential GDP in this country is Yp = 100,000, natural rate of unemployment is 5 percent. Okun's alpha has been estimated to be a = 2. What is the real GDP in this country? O 80000.00 O 85000.00 O 90000.00 110,000.00 O 120,000.00
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The following table shows the annual average data on the employment status of the U.S. civilian noninstitutional population by age in 2014. Age 16 to 19 years 20 to 24 years 25 to 54 years 55 to 64 years 65 years and over Total Source: "Labor Force Statistics from the Current Population Survey."Bureau of Labor Statistics. What is the national unemployment rate? O 3.9% O 6.2% Employed Unemployed (Thousands of People) (Thousands of People) 4,548 1,106 13,894 1,747 95,497 5,270 24,395 1,107 7,971 387 146,305 9,617 10.5% 59.0% Not in Labor Force (Thousands of People) 10,979 6,438 23,744 14,262 36,602 92,025

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