1) What is unemployment? How to measure unemployment? How can adult population be classified? What types of unemployment? What costs of unemployment?
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1) What is
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- Use the table data below about this economy to answer the questions that follow regarding employment/unemployment. Show all calculations. Group Relevant population ?? Not in labor force 85 Labor Number in Millions Employed Unemployed 245 ?? 25 1. What is the relevant population in this economy? 1. How many people are employed in this economy? 1. Calculate the unemployment rate.1)Total Population 330.0 million Adult, noninstitutionalized, non military population 260.0 million Unemployment 8.5 million a) If the labor force participation rate is 65% what is the labor force? b) How many workers are employed? c) What is the unemployment rate?How is the unemployment rate calculated? Describe the three principal types of unemployment.
- Mention and explain the nature of the workforce and what the different types of unemployment are.A country with a population of 120,000 (all over age 16) has 100,000 employed and 10,000 unemployed persons of which 5000 are frictionally unemployed and another 3000 structurally unemployed; I. What is the size of the labour force? ii What is the actual unemployment rate? iii what is the labour force participation rate? iv. What is the employment/population ratio? v. What is the natural rate of unemployment? vi. Is this economy in recession or a boom? Explainexplain the four main types of unemployment.
- The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force? What is the labor force participation rate? %% What is the unemployment rate? %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? %% What is the new unemployment rate? %list four type of unemployment and provide one relevant example for each type of unemploymentDiscuss the four types of unemployment. Rank these from the least serious to the most serious and explain why. Discuss underemployment and discouraged workers and the impact in our economy. Is the unemployment rate the government reports accurate? Does this rate include all the social costs of unemployment? Can the government do anything to reduce unemployment?
- What are the three major types of unemployment? What are their causes?What are two issues with the unemployment rate in any given area?11. A survey of 200,000 people finds 75,900 "employed," 5,440 "unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers? Enter your answer