Macroeconomics
13th Edition
ISBN: 9780134744452
Author: PARKIN, Michael
Publisher: Pearson,
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Question
Chapter 5, Problem 29APA
(a)
To determine
Determine the type of
(b)
To determine
Determine how the old workers unemployment rate is influenced by the business cycle.
(c)
To determine
Determine why older workers might become marginally attached or discouraged workers.
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Students have asked these similar questions
The population (age 16 and over) of Pageland is 150 million; 11 million are
unemployed, and 89 million hold jobs. What are the rates of unemployment and
labor force participation of Pageland?
Unemployment is 7 percent, and labor force participation is 88 percent.
Unemployment is 7 percent, and labor force participation is 72 percent.
Unemployment is 11 percent, and labor force participation is 66 percent.
Unemployment is 11 percent, and labor force participation is 89 percent.
The table below shows information on the adult population of a small country.
Employment Information
Adult population
31.1 million
Full-time workers
15.1 million
Part-time workers
4.3 million
Unemployed workers actively seeking employment
1.3 million
Unemployed workers not actively seeking employment
1.1 million
What is the unemployment rate?
Multiple Choice
4.9 percent
4.2 percent
2.7 percent
6.3 percent
explain Employment Structure
Chapter 5 Solutions
Macroeconomics
Ch. 5.1 - Prob. 1RQCh. 5.1 - Prob. 2RQCh. 5.1 - Prob. 3RQCh. 5.1 - Prob. 4RQCh. 5.1 - Prob. 5RQCh. 5.2 - Prob. 1RQCh. 5.2 - Prob. 2RQCh. 5.2 - Prob. 3RQCh. 5.2 - Prob. 4RQCh. 5.2 - Prob. 5RQ
Ch. 5.2 - Prob. 6RQCh. 5.2 - Prob. 7RQCh. 5.3 - Prob. 1RQCh. 5.3 - Prob. 2RQCh. 5.3 - Prob. 3RQCh. 5.3 - Prob. 4RQCh. 5.3 - Prob. 5RQCh. 5.3 - Prob. 6RQCh. 5 - Prob. 1SPACh. 5 - Prob. 2SPACh. 5 - Prob. 3SPACh. 5 - Prob. 4SPACh. 5 - Prob. 5SPACh. 5 - Prob. 6SPACh. 5 - Prob. 7SPACh. 5 - Prob. 8SPACh. 5 - Prob. 9SPACh. 5 - Prob. 10SPACh. 5 - Prob. 11SPACh. 5 - Prob. 12APACh. 5 - Prob. 13APACh. 5 - Prob. 14APACh. 5 - Prob. 15APACh. 5 - Prob. 16APACh. 5 - Prob. 17APACh. 5 - Prob. 18APACh. 5 - Prob. 19APACh. 5 - Prob. 20APACh. 5 - Prob. 21APACh. 5 - Prob. 22APACh. 5 - Prob. 23APACh. 5 - Prob. 24APACh. 5 - Prob. 25APACh. 5 - Prob. 26APACh. 5 - Prob. 27APACh. 5 - Prob. 28APACh. 5 - Prob. 29APA
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Similar questions
- Imagine someone is working part time but would like to be working full time, or working in a job that is not fully using the person’s skills. In your opinion is listing this person as employed a serious flaw in the way employment statistics are gathered and reportedarrow_forwardExplain the fact that from 1900 to 2009 the female labor force participation rate increased from 20.6% to 59.2 %. Use reservation wage and technological advancement in your explanationsarrow_forwardThe table below shows information on the adult population of a small country. Employment Information Adult population 42.0 million Full-time workers 27.3 million Part-time workers 2.7 million Unemployed workers actively 3.6 million seeking employment Unemployed workers not actively 1.7 million seeking employment What is the size of the labor force? Multiple Choice O MacBook Pro % &arrow_forward
- Suppose that there is a recession similar to the one in 2008. What would happen to the equilibrium wage if the unemployment rate increased to 10%? Show this first on the labor discipline graph (nominal wage), then on the wage-setting curve graph (real wage).arrow_forwardThe employment-population ratio is enter your response here percent. >>> Answer to 1 decimal place. Screenshot attached belowarrow_forwardGiven the below information you are to find the labor force participation rate and the unemployment rate. You must show all work and take all steps to receive credit. Your work must be done in a neat well organized easy to follow manner. Population 700,000 Under 16 70,000 Incarcerated 70,000 Retired 37,000 Working Part Time Looking For Full Time 77,000 Homemakers 30,000 Lost Job 77,000 17,000 of them have given up lookingarrow_forward
- During the initial months of the COVID pandemic, the number of unemployed people in the State of Illinois peaked at 1,108,211 in April 2020. By December 2021, the number of unemployed in Illinois had dropped down to 324,510 people. What is the overall percent decrease in the number of unemployed people in Illinois from April 2020 to December 2021? Please round your answer the nearest percent. Show your work.arrow_forwardDiscuss costs and benefits of job search.arrow_forwardDescribe the different types of unemployment. Explain the type(s) of unemployment the U.S. experiences when the economy is (a) in the boom, (b) in the recession, and (c) during unprecedented times, such as natural disasters, pandemics, or war. Describe the impacts of unemployment benefits on unemployment. Identify a period of high unemployment and the government policies used to fight unemployment. Explain if the policies were effective in fighting unemployment. Describe how you would address unemployment.arrow_forward
- Outline why legislations relating to employment existsarrow_forwardidentify two major trends in the changing demographics of the workforce.arrow_forwardRefer to the table below. Calculate the U-3 unemployment rate if 10 employed people lose their jobs and immediately begin looking for new jobs. Part-time employed for economic reasons Full time employed Unemployed Discouraged 22 million 10.7% 19.6% 21.6% 14.8 % 78 million 12 million 4 million 3 million Other marginally attached Not in the Labor Force 30 million.arrow_forward
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