A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isn't looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time pa

A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isn't looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time pa

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The country of Bada has collected the following information: Population (working age). 240,000 Employed 180,000 Unemployed 30,000 Calculate: Labor Force = Unemployment rate = Labor-force participation rate = Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. . Scott has a Ph.D. He worked full-time but doesn't like his job as a dishwasher. He has applied for jobs with three companies and five universities. As soon as he gets an offer, he'll quit his current job.
Use the data below that describes a nation’s population to answer the following questions: a) How many people are unemployed each year? b) How many people are employed each year? c) What impact would a recession have on the full-employment rate of unemployment of 4.0%? Year 1 Year 2 Population 330 million 335 million Labor Force 170 million 175 million Unemployment rate 7 percent 6 percent
Susie is a 15-year-old who is looking to work as a babysitter. However, no one has hired her. How would the BLS classify Susie in the current population survey when measuring the unemployment rate? A) Susie would be considered unemployed B) Susie would not be considered part of the relevant population used to measure unemployment because only individuals who are 16 or older are included. C) Susie would be considered employed D) Susie would be considered as Not in the Labor Force
3
Use the following data to calculate the unemployment rate. and answer the questions below total adult population = 256,436 persons under 16 = 75,126 total U.S. population = 332,568 # people working= 162,128 retirees = 85,745 total labor force = 172,476 discouraged workers = 15,546 part-time employed = 23,854 1. What is the unemployment rate? 2. Calculate an alternative measure of unemployment by counting discouraged workers as unemployed and counting part time employed as 1/2 employed and 1/2 unemployed. 3. Discuss under what conditions in the labor market it might be more accurate to use one method versus the other.
Q.4 The country of Far Far Far Away has a working-age population of 36 905 people. The labour force is 21 849 and the employment rate is 73.54%. There are 2 292 discouraged workers while a further 12 763 are not economically active for other reasons. Based on the information above, the strict unemployment rate is closest to A. 27.7% B. 24.6% C. 41.6% D. 16.0% E. 26.5%
A man who retired becomes bored with retirement and begins to look for a job. During the time he is searching for work he would be classified as A) cyclically unemployed. B) structurally unemployed. C) frictionally unemployed. D) not unemployed because he was not working before he started looking for a job.
Complete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratio
Which of the following people would be considered frictionally unemployed? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A member of Congress after their term ends and they are not re-elected b A high school student who stops working a summer job because of school starting C A taxi driver who loses their job because of the increasing popularity of Uber. d A person laid off from his job
Discuss how the unemployment rate has changed from 2000 to 2019 as shown in order on the table
4G1 11:23 BO Bully Just now Suppose some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, number of employed 14.1 million people. What is the unemployment rate?
16. Assess whether the following would be counted as "unemployed" in the Current Employment Statistics survey. A. A husband willingly stays home with children while his wife works. B. A manufacturing worker whose factory just closed down. C. A college student doing an unpaid summer internship. D. A retiree. E. Someone who has been out of work for two years but keeps looking for a job. F. Someone who has been out of work for two months but isn't looking for a job. G. Someone who hates her present job and is actively looking for another one. H. Someone who decides to take a part time job because she could not find a full time position.