In Country X, the population is 100 million, 60 million people are employed, 5 million are not employed and looking for work, and 35 million are not employed and not looking for work. What is the labor force in Country X? (Write your answer in millions. If your calculation yields 10,000,000, write 10)
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- In Country X, the population is 100 million, 60 million people are employed, 5 million are not employed and looking for work, and 35 million are not employed and not looking for work. What is the labor force in Country X?The U.S. Bureau of Labor Statistics just published the following US information for the month of October: People employed was 170.8 million. The number of people incapable of working was 74.5 million, and those not looking for a job counted to 66.9 million. There was a total of 278.9 million working-age adults and total population was 323.2 million. From this information, calculate: Instructions: Round your answer to no decimal place. Do not round values if used to complete. other calculations. The labor force is: The unemployment rate in October was Labor force participation rate was million. Employment to population ratio was %, %. %.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.
- 1. Using the following data calculate: 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 (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.Suppose that the adult population in the country of Atlantis is 140 million. If 90 million people are employed and 10 million are unemployed, then 40 million are not in the labor force. 40 million are in the labor force. 130 million are in the labor force. 80 million are not in the labor force.The table gives information about a nation's labor force. What is the number employed? The number employed is million. >>> Answer to 1 decimal place. Labor Market Data Labor force Not in labor force Unemployed 147.4 million 76.0 million 8.1 million
- Using the following data calculate: 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 hrs 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 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (c) suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not workingnand not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unnemployment rate. (d) Illustrate and carefully explain the impact of an increase in the…Using the following data calculate: 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 hrs 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 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (i). The number of persons employed. (ii). The number of persons unemployed. (iii). The labour force. Type answer pleaseUsing the following data calculate: 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 hrs 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 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (iv) The labour force Participation rate (v). The "official" unemployment rate Type answer please
- Economists 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.Question 1 Identify which of the following people are categorised as part of the labour force. #1 Christopher is a freelance writer working on multiple projects. # 2 Peter is a high school student who helps out at his mother's restaurant. # 3 Anna serves in the military force for her country. #4 Susan is a stay at home parent who sometimes helps her neighbours with lawn mowing. However, she does not want to find a full-time job. Next > MacBook Air O00 000 F4Given the data below: Total adult population over the age of 16 249.9 million Employed 148.3 million Unemployed 8.7 million Calculate the size of the labor force in millions