) Which of the following people would be unemployed (or belonging to anylabor market group) according to official statistics? Shortly explain why or why not.(a) A person who is home painting the house while seeking a permanent position as an electrician.(b) A full-time student.(c) A recent graduate who is looking for a job.(d) A parent who decides to stay home taking care of children full time.(e) A worker who quits his job because he thinks the pay is insufficient.(f) A teenager who gets discouraged looking for work and stops looking

The employed workers are those workers who are employed because they are working at some other place…

)Which of the following people would be unemployed (or belonging to any labor market group) according to official statistics? Shortly explain why or why not. (a) A person who is home painting the house while seeking a permanent position as an electrician. (b) A full-time student.

)Which of the following people would be unemployed (or belonging to any labor market group) according to official statistics? Shortly explain why or why not. (a) A person who is home painting the house while seeking a permanent position as an electrician. (b) A full-time student.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 12E

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Question

) Which of the following people would be unemployed (or belonging to any
labor market group) according to official statistics? Shortly explain why or why not.
(a) A person who is home painting the house while seeking a permanent position as an electrician.
(b) A full-time student.
(c) A recent graduate who is looking for a job.
(d) A parent who decides to stay home taking care of children full time.
(e) A worker who quits his job because he thinks the pay is insufficient.
(f) A teenager who gets discouraged looking for work and stops looking

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Which of the following people would be unemployed (or belonging to any labor market group) according to official statistics? Shortly explain why or why not. (a) A person who is home painting the house while seeking a permanent position as an electrician. (b) A full-time student. (c) A recent graduate who is looking for a job. (d) A parent who decides to stay home taking care of children full time.
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1. You are given the following information for a country: Participation rate = 75%, Unemployment rate = 10%, Employment rate = 67.5% and Number of employed = 27 million. Based on this information, calculate the following (in millions): (a) Working age population (b) Size of the labour force. (c) Number of unemployed people
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HFC Online Video Tutorial 1. What would the unemployment rate be if, in an economy, there were 10 million unemployed individuals, 118 mitlion employed individuals, and 64 million individuals not in the labor force? A) 5.2% B) 3.9% C) 7.8% D) 5.5% 2. What would the labor force participation rate (LFPR) be if, in an economy, there were 10 million unemployed individuals, 110 millíon employed individuals, and 60 million individuals not in the labor force? A) There is not enough information to calculate the LFPR B) 200% C) 64.7% D) 66.7% 3. Which single word below most nearly captures the definition of GDP? A) Consumption B) Labor C) Output D) Prices 4. If unemployed workers become discouraged and stop looking for work, dropping out of the labor force, the unemployment rate: A) remains unchanged. B) falls. C) may rise or fall, depending on other factors. D) rises. question 1: question 2: question 3: 30 F2 F3 DII F4 F5 F6 F7 FB @ 23 24 & 4 7 Q W E ∞ * > < CO
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Which of the following people would not be counted in the labor force? A) A man who is in jail. B) A woman who is 70 years old and works full time. C) A girl who is 16 and works part time. D) A man who will retire from work in 1 day.
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Can you please answer this with working shown. Thank you.