· Measuring employment, unemployment, and labor force participation oneider a tiny hypothetical economy composed entirely of the following people: Alex, Becky, Clancy, Eleen, Kate, and Hubert. Each person's mployment status is given in the following ased on the criteris used by the Bureau of Labor Statistics (ILS), identify each person's status as employed, unemployed, "not in the labor f of in the civilan labor force but all part of the adult population, or "not in the adult population if not in the civilian adul population. Alex is a 23-year-old professional terme player When he's not competing, he works a Becky is a 43-year-old steelworker who was just laid off by her employer She is trying to find any kind of job to help make ende meet. Clancy is a 40-year-old accountant who has been out of work for almost a year became so discouraged that he gave up on his job search a couple of months ago Kate is a 29-year-old who losther job as an associate producer for a pod. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision fo months ago. Hubert is a famous novelat. He is spending the summer at his lake hou W doing all writing each day but mostly spending his time gardening and reading Cleanis L-year-old student at Houtain River Middle School. She babyther younger siblings and does other chores, so her parents give her an allowance of $30 per week. amplete the right half of the following equation to reflect the labor force participation rate reported by the DLS aber Foros Participation Rate == manding to this formule, what is the labor force participation rate of this economy of six people? Ⓒ 33.33% Ⓒ 40% O 50% Ⓒ00% amplete the right hair of the following equation to reflect the unemployment rate reported by the S Inemplogement Hate cording to this formula, what is the unemployment rate of this economy of people? Ⓒ 40% O 50% - 60%
· Measuring employment, unemployment, and labor force participation oneider a tiny hypothetical economy composed entirely of the following people: Alex, Becky, Clancy, Eleen, Kate, and Hubert. Each person's mployment status is given in the following ased on the criteris used by the Bureau of Labor Statistics (ILS), identify each person's status as employed, unemployed, "not in the labor f of in the civilan labor force but all part of the adult population, or "not in the adult population if not in the civilian adul population. Alex is a 23-year-old professional terme player When he's not competing, he works a Becky is a 43-year-old steelworker who was just laid off by her employer She is trying to find any kind of job to help make ende meet. Clancy is a 40-year-old accountant who has been out of work for almost a year became so discouraged that he gave up on his job search a couple of months ago Kate is a 29-year-old who losther job as an associate producer for a pod. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision fo months ago. Hubert is a famous novelat. He is spending the summer at his lake hou W doing all writing each day but mostly spending his time gardening and reading Cleanis L-year-old student at Houtain River Middle School. She babyther younger siblings and does other chores, so her parents give her an allowance of $30 per week. amplete the right half of the following equation to reflect the labor force participation rate reported by the DLS aber Foros Participation Rate == manding to this formule, what is the labor force participation rate of this economy of six people? Ⓒ 33.33% Ⓒ 40% O 50% Ⓒ00% amplete the right hair of the following equation to reflect the unemployment rate reported by the S Inemplogement Hate cording to this formula, what is the unemployment rate of this economy of people? Ⓒ 40% O 50% - 60%
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 16RQ: Assess whether the following would be counted as unemployed in the Current Employment Statistics...
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