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Consider a tiny hypothetical economy composed entirely of the following people: Charles, Dina, Gilberto, Juanita, Neha, and Lorenzo. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Charles is a 75-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Dina is a 25-year-old recent college graduate . She did not work for pay last week, but she had two job interviews. Gilberto is a 39-year-old graphic designer who is taking 2 years off from work to care for his young child. Neha is a 29-year-old who lost her job as an associate producer for a podcast. 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 a few months ago. Lorenzo is a famous novelist. He is spending the summer at his lake house Wisconsin, doing a little writing each day but mostly spending his time gardening and reading. Juanita is a 13-year-old student at River Rock Middle School. She babysits her younger cousin and does other chores, so her parents give her an allowance of $30 per week. Status Employed Unemployed Not in the labor force Unemployed Employed Not in the adult population

Consider a tiny hypothetical economy composed entirely of the following people: Charles, Dina, Gilberto, Juanita, Neha, and Lorenzo. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Charles is a 75-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Dina is a 25-year-old recent college graduate . She did not work for pay last week, but she had two job interviews. Gilberto is a 39-year-old graphic designer who is taking 2 years off from work to care for his young child. Neha is a 29-year-old who lost her job as an associate producer for a podcast. 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 a few months ago. Lorenzo is a famous novelist. He is spending the summer at his lake house Wisconsin, doing a little writing each day but mostly spending his time gardening and reading. Juanita is a 13-year-old student at River Rock Middle School. She babysits her younger cousin and does other chores, so her parents give her an allowance of $30 per week. Status Employed Unemployed Not in the labor force Unemployed Employed Not in the adult population

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Charles, Dina, Gilberto, Juanita, Neha, and Lorenzo. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Charles is a 75-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Dina is a 25-year-old recent college graduate She did not work for pay last week, but she had two job interviews. Gilberto is a 39-year-old graphic designer who is taking 2 years off from work to care for his young child. Neha is a 29-year-old who lost her job as an associate producer for a podcast. 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 a few months ago. Lorenzo is a famous novelist. He is spending the summer at his lake house Wisconsin, doing a little writing each day but mostly spending his time gardening and reading. Juanita is a 13-year-old student at River Rock Middle School. She babysits her younger cousin and does other chores, so her parents give her an allowance of $30 per week. Status Employed Unemployed Not in the labor force Unemployed Employed Not in the adult population
Transcribed Image Text:1. Measuring employment, unemployment, and labor force participation Consider a tiny hypothetical economy composed entirely of the following people: Charles, Dina, Gilberto, Juanita, Neha, and Lorenzo. Each person's employment status is given in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Charles is a 75-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Dina is a 25-year-old recent college graduate She did not work for pay last week, but she had two job interviews. Gilberto is a 39-year-old graphic designer who is taking 2 years off from work to care for his young child. Neha is a 29-year-old who lost her job as an associate producer for a podcast. 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 a few months ago. Lorenzo is a famous novelist. He is spending the summer at his lake house Wisconsin, doing a little writing each day but mostly spending his time gardening and reading. Juanita is a 13-year-old student at River Rock Middle School. She babysits her younger cousin and does other chores, so her parents give her an allowance of $30 per week. Status Employed Unemployed Not in the labor force Unemployed Employed Not in the adult population
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