Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
8th Edition
ISBN: 9781337607735
Author: N. Gregory Mankiw
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 28, Problem 2CQQ
Using the numbers in the preceding question, what is the size of Ectenia’s labor force?
a. 50
b. 60
c. 70
d. 80
Expert Solution & Answer
Trending nowThis is a popular solution!
Learn your wayIncludes step-by-step video
schedule02:17
Students have asked these similar questions
Suppose all the people below have a job. Which one of them would not be considered part of the civilian labor force?
Select one:
a.
a 15 year old.
b.
a 55 year old.
c.
a 65 year old.
d.
a 75 year old.
e.
a 105 year old.
Spain is one of the famous tourist destination in the world. They have a mixture of population. Which of the following statement is true about the labor force of Spain?
a.
Labor force includes the retired people in a country
b.
Labor force includes people who are not looking for a job
c.
Labor force is the sum of the employed and unemployed people in the labor force
d.
Labor force includes entire people in the country
Who would be included in the labor force?
a. Louie, who is waiting for his new job to start
b. Daisey, who has become discouraged looking for a job and has quit looking
c. Donald, an unpaid stay-at-home father
d. None of the above is correct.
Chapter 28 Solutions
Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
Ch. 28.1 - Prob. 1QQCh. 28.2 - Prob. 2QQCh. 28.3 - Prob. 3QQCh. 28.4 - Prob. 4QQCh. 28.5 - Prob. 5QQCh. 28 - Prob. 1CQQCh. 28 - Using the numbers in the preceding question, what...Ch. 28 - Prob. 3CQQCh. 28 - Prob. 4CQQCh. 28 - Prob. 5CQQ
Ch. 28 - Prob. 6CQQCh. 28 - Prob. 1QRCh. 28 - Prob. 2QRCh. 28 - Prob. 3QRCh. 28 - Prob. 4QRCh. 28 - Prob. 5QRCh. 28 - Prob. 6QRCh. 28 - Prob. 7QRCh. 28 - Prob. 1PACh. 28 - Prob. 2PACh. 28 - Prob. 4PACh. 28 - Prob. 5PACh. 28 - Prob. 6PACh. 28 - Prob. 7PACh. 28 - Prob. 8PACh. 28 - Prob. 9PACh. 28 - Prob. 10PA
Additional Business Textbook Solutions
Find more solutions based on key concepts
How can the formula “interest = principle × rate × time” be used to estimate the cost of short-term credit?
Foundations Of Finance
Preparing Financial Statements from a Trial Balance The following accounts are taken from Equilibrium Riding, I...
Fundamentals of Financial Accounting
Describe and evaluate what Pfizer is doing with its PfizerWorks.
Management (14th Edition)
S6-2 Determining inventory costing methods
Ward Hard ware does not expect costs to change dramatically and want...
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
1-13. Identify a product, either a good or a service, that will take advantage of this opportunity. Although yo...
Business Essentials (12th Edition) (What's New in Intro to Business)
S3-5 Identifying types of adjusting entries
Learning Objective 3
A select list of transactions for Anuradh...
Horngren's Accounting (12th Edition)
Knowledge Booster
Similar questions
- During times of low employment, some people get discouraged, stop looking for work, and go back to school. How does going back to school affect the labor force? A. It does not change the labor force B. It increases the number in the labor force C. It decreases the number in the labor forcearrow_forwardFrom 1900 to 1901, unemployment fell because between 1901 and 1902, unemployment fell because Table 7.11 1900 1901 1902 Labour Force Unemployment 28,000 4,000 31,000 29,000 3,000 2,000 and Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a the number of jobs increased more than the labour force; the labour force fell more than the number of jobs fell the number of jobs increased more than the labour force; the labour force fell, but the number of jobs increased the labour force increased more than the number of jobs; the labour force fell, but the number of jobs increased the labour force increased more than the number of jobs; the number of jobs increased more than the labour forcearrow_forward1. What is the labor force?arrow_forward
- The table below shows labor data for a country named Zhouland. Answer the following questions: Age (years) Have a full time job Have a part time job Don't have a job but are looking for one Don't have a job and are not looking for one Total <10 150 150 10-15 135 135 16-20 120 30 75 80 305 21-30 20 50 25 20 115 31-50 80 100 55 40 275 51-70 250 50 150 100 550 >70 60 40 30 170 300 [a] What is the size of the labor force in the above economy? [b] Calculate the unemployment rate for this economy - up to 2 decimal points. [c] Calculate the employment rate for this economy - up to 2 decimal points. [d] Calculate the labor force participation rate for this economy - up to 2 decimal points.arrow_forwarda. The following table shows some labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year Pop LF U UR PR ER 1998 10040 8171 7467 704 Number Number Number 2006 11060 9076 8482 594 6.545 82.061 76.691 2009 11413 Number Number 904 9.692 Number Number 2012 Number 9514 Number Number Number 81.316 74.94 b. Using the above table, what is the new unemployment rate in 2006 if 20…arrow_forwardNonearrow_forward
- a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year 1981 1986 1999 Pop Number 1979 2205 2012 Number Number 2855 LF 876 879 Number 1883 E 839 818 Number Number U 37 61 55 Number UR Number 6.94 5.802 Number PR Number 39.864 Number 42.65 Number ER b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed…arrow_forwardWhich one of these individuals is a part of the eligible population, but NOT part of the labor force? Select one: a. A 19 years old who is working part time in a beauty salon b. A 22 years old who is looking for a job after graduating from college but cannot find one c. A 33 years old who stays at home to take care of his kids d. A 42 years old who works in jail after committing grand larceny e. A 75 years who is still working full time as an attorneyarrow_forwardEconomists define the labor force to include only people who are working full time. people who are working. people who are not working but are actively looking for a job, and people who are working. all individuals of work age, regardless of whether they are working or looking for a job.arrow_forward
- Compare the agricultural employment share and agricultural labor productivity, boththe level and the trend, between the two groups of countries(high-income vs. low-income countries). What can you tell about the differences?arrow_forward2) a. How is the labor force defined and who measures it? The U.S. Bureau of Labor Statistics (BLS) measures the labor force as people over 18 years of age who are employed and those who are actively seeking work. The U.S. Labor Commission (USLC) measures the labor force as people over 18 years of age who are employed and those who are actively seeking work. The U.S. Bureau of Labor Statistics (BLS) measures the labor force as people over 16 years of age who are employed and those who are actively seeking work. The U.S. Bureau of Employment (USBE) measures the labor force as people over 16 years of age who are employed and those who are actively seeking work. b. The unemployment rate is the number of unemployed persons divided by the labor force. proportion of the adult population looking for work. ratio of the number of working adults divided by all adults. number of adults divided by the labor force. c. If the…arrow_forwardIn 2019, a. what percentage of the labor force was employed? b. what percentage of the labor force was unemployed? c. what percentage of the total population was employed?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc