Use the following information to answer questions # 19 and #20. Suppose country ABC has a total population of 50 and aworking-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and notactively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who areactively seeking work.What is the official (i.e. U-3) unemployment rate in ABC?O a. ((5+5)/30) x 100% =33.3%O b. (5/50) x 100% = 10.0%O c. (5/(5+30)) x 100% = 14.3%O d. (5/(30)) × 100% = 16.7%Next pagepageMacBook Air

Unemployment rate is calculated as the ratio of unemployed people to the labor force. In unemployed…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 1 The working age population is 49 million, out of which 22 million are employed and 6 million are unemployed. What is the labor force participation? Express your answer as percentages, rounded to 2 decimal places if necessary (43.23% should be written as 43.23 not 0.43).
Year 2010 2011 2012 2013 2014 2015 Economic Growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 i) What trends do you observe In the unemployment rate? In economic growth? ii) Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer. I would like Questions i,ii, iii answered please
Hello, i have posted this question many times in chegg, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Provide me original answers with proper explanations. thank you. Qs 22: Structural unemployment refers to the unemployment due to (a) people changing from one job to another. (b) non-availability of work throughout the year. (c) cyclical nature of businesses. (d) mismatch between the jobs available and the skill levels of the unemployed.
Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million %3D Not in labour force : 730 million Number of Labour force = 2500 million
In a macroeconomy where textile and information technology are among the major industries, the natural rate of unemployment is 5%. Although workers prefer full-time jobs, all industries have a combination of full-time and part- time (underemployed) workers. In 2010, the total population was 10 million with an adult population of 7.8 million, and real output for the year was $270 billion. In the same year, 4.5 million people were employed, 1.5 million people were part-time workers, and 300,000 people were unemployed. Furthermore 400,000 individuals stated that they were discouraged from searching for a job. (Question 4 of 7) Now, consider that at the beginning of 2011, the government implemented a five-year economic growth plan- a set of policies aimed at encouraging foreign investment in the information technology industry. The shift towards the information technology industry impacted the labor market. In addition, initial spillover effect from these investments includes changes in…
This question requires effective research to gather pertinent labor market statistics. Consider the source of your data. Official labor market statistics are gathered into “jobs reports” by the United States federal governmental agency: the Bureau of Labor Statistics or BLS. (6 points.)a. Find the following statistics on employment in January, 2022:Unemployment rate: Labor Force Participation Rate: Employed population: c. Find the changes in each statistics from January, 2021 to January, 2022:Unemployment rate: Labor Force Participation Rate: Employed population: d. Find the changes in each statistics from January, 2010 to January, 2011:Unemployment rate: Labor Force Participation Rate: Employed population: e. Briefly compare the severity of the two recoveries citing relevant statistics.
204 20(4).pdf 2 / 3 The average nominal incomes earned in Eturia and the CPI are shown in the table below. 2018 $26,700 105 Q Search Nominal income CPI (2002 = 100) F5 — to the nearest dollar. Calculate real income for each year. Enter your responses in the table above. Round your answers Ws b. By what percentage did real incomes rise in the years 2019 and 2020? Enter your responses rounded to one decimal place, in the table above. 100% + @ 4. The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers % 5 € in a. What is the unemployment rate? b. What is the participation rate? F6 6 5. The table below shows national data for the economy of Westfall. Round your intermediate DELL F7 & 7 F8 12 8 F9 2019 $32,000 107 1 prt sc F10 9 home H F11 O 25.0 12.0 0 5.0 2.5 2.0 2020…
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13 - Which of the following types of unemployment occurs in countries whose GNP is largely based on agricultural production?A) FrictionalB) accidentalC) cyclicalD) seasonalE) Public Employees
Question 2 Part (a) Refer to the table below for a very simple economy producing three goods: education, pizzas and cars. Steel panels are needed for car production, cheese is necessary for making pizzas and projectors are used for educational service. Product Steel panels Education Cars Cheese Pizzas Projectors Quantity 40 400 400 2500 2500 4000 2017 Price $5000 $1000 $10000 $1.50 $9.00 $2000 Quantity 50 450 500 3500 3500 5000 2022 Price $6000 $1100 $12000 $1.50 $12.00 $3000 What is the nominal GDP for the economy in 2022? What was the nominal GDP in 2017? What is the real GDP in 2022 using 2017 prices as base year prices? What is the overall real GDP growth rate between 2022 and 2017? Part (b) Assume for an economy, there are 11.5 million people employed, unemployment rate is 5.2%, labor force participation rate is 64%, number of defence force personnel
(a) Department of Statistics of Malaysia has collected the following data for year 2020 and 2021: |Population Employed Unemployed 2020 32.60 millions 15.096 millions 0.504 millions 2021 34.30 millions 15.53 millions 0.643 millions i. Calculate Malaysia's labour force for year 2020 and 2021. Calculate Malaysia's unemployment rate for year 2020 and 2021. ii. Calculate Malaysia's labour-participation rate for year 2020 and 2021.
(5

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