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if the labor force is 250,000 and the total population 16 years of age or older is 300,000, the labor force participation rate is ?
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- Suppose the labor force participation rate is 40% and adult age population is 100 million calculate labor force ?What would be the labor force participation rate?987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 543 recent university graduates that are going back to graduate school 5000 armed forces 3500 institutionalized 3 (c) Suppose that 20,000 of the employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not working and 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" unemployment rate. (d) Illustrate and carefully explain the impact of an increase in the income tax rate from 25 percent to 35 percent on the demand…
- Explain Impact of wage policies on labour market in Oman.Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the labor force participation rate is approximately is ?The labor force participation rate is 68.02%. The labor force has 158 people. Find the adult population, rounded to two decimal places.
- A member of the labor force is defined as: Someone already employed or actively seeking work. someone already employed on a full-time basis. O someone who is employed. someone who is employed on a part-time basis. someone who is above the age of 16.Can you define workforce participation rate?Suppose the labor force participation rate is 60% and adult age population is 200 million wtat is labor force ?
- Workers with weak attachment to the labour force is called: Inactive job seekers Discouraged workers Underemployed workers Self-account workers Marginal workersThree examples of people over 15 years of age, not participating in the labour force are and 19The nation of Fixlax has 120,000 people. Of these, 20,000 are children under the age of 16, 72000 have jobs, 8000 don't have jobs and are looking for work, and 20,000 people are retired. Assuming that these are all noninstitutionalized civilians, what is the labor force participation rate? O 72% O 66.7% O 60% O 80%