What is the labor force participation rate for a nation with an adult population of 33 million, 17 million employed workers and 6 million unemployed workers? Selected Answer: 69.7% Answers: 51.5% 69.7% 18.2% 75%
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- Suppose that the production of a certain product only requires one input, labor, and that the additional production diminishes by half after the last input. On the other hand, the demand of the good can be described using the equation Q = 10000 – P/10. The total product of the second unit of labor is 3,000 units. Finally, each additional worker requires P1,000,000. Given the following information, answer the following questions:Adult Population (civilian, non- institutionalized) 14,000 Employed Unemployed Not in Labor Force 10,000 2,100 1,900 The labor force participation rate is about: Group of answer choices 86.4% 13.6% 66.6% none of these is even closeAdult Population (civilian, non-institutionalized) 14,000 Employed 10,000 Unemployed 2,100 Not in Labor Force 1,900 The labor force participation rate is about: Group of answer choices 86.4% 13.6% 66.6% none of these is even close
- Answer: ( )Suppose a news report announces that the unemployment rate in your state is 4% and in an adjacent state it is 6%. What can you conclude from the news report?A) There are more underemployed workers in your state than in the adjacent state.B) There are more underemployed workers in the adjacent state than in your state.C) It probably would be harder to find a job in the adjacent state than in your state.D) The adjacent state has a lower cost of living than your state.1)A country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment. Labor Force Participation Rate= ____ %The labor force consists of: Question options: a) all adults who are able to work. b) all adults who are working, plus those not working. c) discouraged workers, employed workers, plus those actively seeking work. d) all adults who are working or actively seeking work. During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________. Question options: a) 10% b) 20% c) 40% d) 30%
- Calculate the number of people in labor force, if the population is 100, among that 60 people have jobs, 10 are in search of job and 15 people who are retired? а) 30 b) 70 c) 85 d) 90In 2020, the all ages population of Canada was 36552939, out of which the population under 15 years was 5963188 and over 65 years was 6135012. There were 17847185 people who are employed and the unemployment rate was 6.33%. What was the labour force participation rate? Answer: (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES.)If the number of unemployed equals 30,000, the number of employed equals 60,000, and the number not in the labor force is 10,000, the labor-force participation rate __________________. cannot be determined from this information. is 67% is 88.9% is 90%
- 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized a. Using the following data calculate: (i) The Labour Force Participation rate. (ii) The “official” unemployment rate.987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized a. Using the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate.Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table. Year 2015 2016 2017 2018 2019 2020 Total Total Basic Nonbasic Population Employment Employment Employment 50,000 53,000 57,000 65,000 70,000 ? 25,000 26,500 28,500 32,500 35,000 ? 6,250 6,625 7,125 8,125 8,750 9,000* 18,750 19,875 21,375 24,375 26,250 ? *Estimated from surveys. Required: The contract states that PPP must project Popular's population for the year 2020 using an economic base analysis. The ratio of population to total employment is 2.0833. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Your help is needed! Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year 2020