Suppose a nation has a labor force of 44.0 million workers and an unemployment rate of 6.19%. Instructions: Round your answers to 2 decimal places. a. How many workers in this nation are unemployed? million b. How many workers in this nation are employed? million

Question 2 Complete the following table for a given country and show how can you determine if the country faces an inflation in 2018? Nominal GDP2017 Nominal GDP2018 Real GDP2018 P P P 4 2 3 4 3 3 4 3 6 2 GDP

Economic

In the city of Guangzhou, there are 1 million civilians (over 16 years old, non-institutionalized). Of those, 300,000 are employed, and 250,000 are not employed but looking for work. Round to first decimal place if necessary. What is Guangzhou's labor force participation rate? What is Guangzhou's unemployment rate?

Any help would be apreciated

Assume the following data for a country: Number of People, Millions Category Total population Population under 16 years of age or institutionalized 500 120 Not in the labor force 140 Unemployed Part-time workers looking for full-time jobs 12 10 Instructions: Enter your answers as a whole number. a. What is the size of the labor force? million b. What is the official unemployment rate? percent

Economic Q7 onlys

Label each of the following scenarios as either frictional unemployment, structural unemployment, or cyclical unemployment. a. Mariam just graduated from college and is looking for a job. (Click to select) b. A recession causes a local factory to lay off 30 workers. (Click to select) c. Thousands of bus and truck drivers permanently lose their jobs to self-driving vehicles. (Click to select) d. Hundreds of New York legal jobs permanently disappear when a lot of legal work gets outsourced to lawyers in India. (Click to select)