The economy has part time workers of 40 million people, and full time workers of 140 million people. There are 10 million who have no job and search for one. Lastly, 5 million who have no job but stop searching while waiting for a positive mood in the economy. The unemployment rate in the economy is ____%. (Your answer should include the first decimal point if there is.)

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A: The unemployment rate is calculated by expressing the number of unemployed persons as a percentage…

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Q: 5. Say there are 250,000 people in a city. 162,000 worked for pay in the last week and the labor…

A: The unemployment rate is the ratio of unemployed to total labor force in the economy. The unemployed…

Q: Suppose a country surveys households and finds that 135 million people can be classified as being…

A: Employed people = 135 million Unemployed people = 11 million

Q: Please describe the formula(s) used to determine the unemployment rate

A: Unemployment is considered as the people who do not have a job and are looking for the work prior…

Q: Imagine that there are 160,000 people in the population of working age. 150,000 have jobs, 5,000 do…

A: Given: Total population = 160,000 Employed = 150,000 Unemployed = 10,000 Out of this, 5000 people…

Q: Not all groups in our society experience equal opportunity to work. The purpose of this discussion…

A: The unemployment rate refers to the percentage of the workforce that is out of work. It's a poor…

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A: Unemployment refers to the state of being without a job but actively seeking employment. It is a…

Q: Explain the current Canadian unemploym rate in economic terms. No COVID-19 INCLUDED!!!

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A: Labor force is the sum of people who are employed and unemployed.

Q: Which is better? To have eight people unemployed each for one month To have one person unemployed…

A: At the point when people do not have any work and are actively searching for work then they are said…

Q: The economy has part time workers of 30 million people, and full time workers of 160 million people.…

A: Part-time workers = 30 million. Full time workers = 160 millionpeople with no job and looking for a…

Q: #10). The following information is from a hypothetical economy (all figures are in millions):…

A: Unemployment refers to the situation where individuals who are able and willing to work are unable…

Q: An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work,…

A: Here, given information is, Total population: 226,500 Unemployed but looking for job: 12,500…

Q: 4) Suppose the number of employed people in an economy is 6,532,451. The unemployment rate in this…

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A: Unemployment refers to a situation in which the workers are willing to offer their labor force at…

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A: The term unemployment refers to a situation in which people would be ready to work and actively look…

Q: pose during a year working-age population increased by 1%, labor force participation decrea ber of…

A: Answer in Step 2

Q: If some employed workers exit the labor force, the unemployment rate will be ______

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Q: if 164.6 million workers are employed and 7.4 million are unemployed, the unemployment rate equals__…

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Q: Incorrect Question 1 A country has 100 million people, 80 million of whom are adult…

A: People who are working or have a job are considered employed and people who are looking for a job…

Q: There are 64 unemployed people and 1,066 employed people. What is the unemployment rate? Enter a…

A: ANSThe Unemployment Rate is the % of the working-age population those who are without a job but are…

Q: October 2020 on Sandy Island, 20,000 were employed, , 1,000 were unemployed, and 3,000 were not in…

A: Unemployment is a situation where people do not have jobs and are searching for the new one.

Q: ight, the number of people who become unemployed in this particular month is: million, (Round your…

A: According to the table to the right,the number of people who become unemployed in this particular…

Q: Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman…

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Q: What kind of indicator is the rate of unemployment? Explain your answe

A: A condition in an economy where a maximum percentage of the people are staying home having no jobs…

Q: Okun's Law is defined as: Change in the unemployment rate=-: If the unemployment rate is 3.6% and…

A: Okun Law represent the relationship between unemployment and losses in a production which occur…

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A: Total Population = 50000 peopleEmployed = 45000 peopleStudents = 1000 peopleTherefore, people who…