In 1929 the US had an unemployment rate of approximately 3.2%, or 1.6 million people unemployed, yet most economists suggest we were at full employment. What do economists mean by "full employment"?

Suppose the economy of Questville has an adult (over age 16) population of 100 million, with a labor force participation rate of 90% and 77 million employed people. Calculate the number of unemployed:

In October 2020 on Sandy Island, 20,000 were employed, , 1,000 were unemployed, and 3,000 were not in the labor force. Calculate the unemployment rate and the employment-population ratio. >>>Answer to 1 decimal place. The unemployment rate is ___ percent.

Through the basic equation of the labor market (L = E + U), prove that in a steady state the open unemployment rate is inversely proportional to the ratio of the number of people who get a new job (f) to the person who lost their job(s)!

Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.

Explain two reasons why it might be difficult at times to determine the exact rate of unemployment in a country

I need the answer as soon as possible

Use the information in the following table to solve for the unemployment rate. Population 16 and older 1,000,000 Participation rate 80% Employed workers 720,000 Please enter your answers as numerical responses and do not write out your answers with words. (ie. 40,000 not "Forty Thousand" or 8% not "Eight percent"). How many workers are in the "Labor Force?" How many workers are "Unemployed?" What is the "Unemployment Rate?"

Use the attached table below to answer the following question: Calculate the unemployment rate at the end of May 2018

Why is it difficult to accurately measure the unemployment rate in the U.S.? Do you think the current unemployment rate is overstated, understated, or exactly right?