ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Which of the following is correct? The unemployment rate is a. (employed-unemployed)/labor force X 100 b. unemployed/population X 100 c. (employed-labor force)/employed X 100 d. (labor force - employed)/labor force X 100arrow_forwardIn 2019 in the United Kingdom, the adult population was about 65 million, the labour force participation rate was 60 percent, and the unemployment rate was 6 percent. What was the approximate number of people unemployed? a. 2.3 million b. 0.7 million c. 1.7 million d. 6.5 millionarrow_forwardQuestion 2. In a given year, Ottawa has a total population of around 1 million. Suppose that 70 percent of the total population are adults. Assume that 20 percent of the adult population is not looking for a job and 70 percent of the adult population is employed. Compute the following: a. The size of Labour force b. Labour-force participation rate c. Unemployment ratearrow_forward
- of the people described below, who would be counted as unemployed? Choose one or more: A a 55-year-old steel worker who was laid off 18 months ago and has given up trying to find a job OB. a 17-year-old single parent who has just been laid off and is looking for a new job OC. a second lieutenant in the U.S. Army DD. a full-time college student who plans to look for a job after graduation OE. bin able-bodied 53-year-old who took an early retirement package from her employer OF. a newly graduated Ph.D. who could not find a teaching job and is driving a taxi DG. a student who quit college to look for a modeling job in New Yorkarrow_forwardEconomicarrow_forwardEconomics please help.....arrow_forward
- Question 29 Table below provide the data of real GDP, CPI and Population of UAE of the last two years. Year GDP (billion AED) CPI (base 2014=100) Population (million) 2018 1461 111.1 9.367 2019 1511 109 9.504 Find the followings from the given data for UAE: 1. Real GDP growth rate 2. Inflation 3. Population growth rate 4. Real GDP per capitaarrow_forwardCivilian population of a country is equal to 237,8 million. Labor force was only 153,8 million. What is participation rate? If 139 million of those in the labor force were employed, 14,8 million were unemployed. What is unemployment rate?arrow_forward5. The total population is 98.4 million. The participation rate is 77.9%. The population employed is 49.8 million and the unemployment rate is 11.1%. a. How many people are in the labour force? b. How many are unemployed? c. How many people are in the civilian noninstitutional population?arrow_forward
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