The labor force is comprised of a)the total number of working age people b) the total number of employed people C) the total population in an economy d) the total # of people who are employed or unemployed
Q: Number of people Employed: 114 million The unemployment rate for this economy is____________ %, and…
A: Given : Population=250 million Labor Force= 120 million…
Q: The number of people classified as employed is 390,000 and the number of people classified as…
A: Labor force is the combination of people who are employed and the unemployed who are actively…
Q: Table 2. Labor Data for Peronia Year 2020 2019 4,000 2021 Adult population Number of employed Number…
A: The unemployment rate indicates the fraction of the total labor force that is not employed. The…
Q: If a country has a working-age population of 200 million, for which 135 million people with jobs, 10…
A: Labor force is the sum of people employed and unemployed. Labor force = employed + unemployed
Q: Classify the following persons as employed, unemployed or Not in the labor force. a) During the…
A: A) Cameron Diaz is employed, because she nice missed the work show the wages will be deducted not…
Q: Economists use labor-market data to evaluate how well an economy is using its most valuable…
A: Unemployment rate = Unemployed / labor force * 100 labor force = employed + unemployed employment to…
Q: Explain what a constant labor share of national income implies about the relationship between the…
A: Labor productivity is an idea used to gauge the laborer's effectiveness. It is determined as the…
Q: Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the…
A: The unemployment rate is defined as the percentage of the workforce that is unemployed. It's a…
Q: Inflation measures based on GDP deflators take into account a smaller set of goods, compared to the…
A: Better education, healthcare and gain of experience for entrepreneurs can improve quality of…
Q: Civilian labor force Not in the labor force Unemployed Employed Unemployment rate Labor force…
A: The labour force participation rates is calculated as the labour force divided by the total…
Q: Classify the following persons as employed, unemployed or Not in the labor force. a.During the…
A: People currently having a job is considered employed. People who are jobless, looking for job and…
Q: If the labor force participation rate is rising and the working-age population is not changing, then…
A: In an economy, the working-age population is defined as the number of individuals who lies between…
Q: Who are generally counted in the labour force of a country
A: While it is an established fact that capital and resources are integral to the growth and…
Q: The 20018 Q2 unemployment rate in Africa was 4.0%. This represented 110,000 unemployed individuals.…
A:
Q: A nation has a population of 260 million people. Of these, 60 million are retired, in the military,…
A: Given:- Total population=260 million People retire/under 16 years=60 million Employed=188 million…
Q: Identify which of the following people are categorised as part of the labour force. O Christopher is…
A: The labor force (LF)is the number of people who are of working age and are willing to work. They are…
Q: A country has a population of 160 million. Out of this population, the number of retired people is…
A: Note: Since you have posted a question with multiple subparts, we will solve the first three…
Q: The Malaysian labor force equals the a. Number of people who are employed. b. Number of people who…
A: When talking about labor force, it can be said that the calculation of labor force will be…
Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…
A: Labor force is the sum of employed and unemployed who is actively looking for work.
Q: The 2018 Q2 unemployment rate in Africa was 4.0%. This represented 110,000 unemployed individuals.…
A: The unemployment rate is the rate that shows the proportion of unemployed people in the total labor…
Q: If 1 million people are unemployed and 9 million people are employed how large is the labor force?…
A: People who are willing to do work but cannot find job are considered as unemployed. People who are…
Q: A country has a population of 1,000,000. The labor force is 500,000. If the unemployment rate is…
A: Discouraged workers are not actively searching for a job, they are considered nonparticipants in the…
Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…
A: In an economy, people who are the part of working age population but do not have any work and are…
Q: Based on the criteria used by Statistics Canada, identify each person's status as Employed,…
A: Edison - employed Hilary- Unemployed Kevin- not in the labor force Simone- unemployed Rajiv- not…
Q: In a given community, the unemployment rate is 3.1% and their working-age population is 1.2 Million.…
A: The unemployment rate indicates the fraction of the total labor force that is unemployed. The labor…
Q: Question is attahed in image
A: The labor force participation rate is the rate of the total labor force available in the adult…
Q: a. Calculate the number of people who are not in the labor force b. Calculate the labor force. c.…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: In a country number of employed is 27 million, number of unemployed is 3 million and population(+16…
A: Labor force = number employed + number unemployed Labor force participation rate = Labor force /…
Q: Item Value (thousands of persons) Unemployed 11,777 Employed 145,407 Not in labor force 108,773…
A: Civilian labour includes individuals which are either employed or unemployed. Retired and military…
Q: The manufacturing sector is considered as one of the major sources of substantial employment…
A: In developing countries the manufacturing sector growth depends on a range of exploratory variables…
Q: Describe the following term: "Unemployment". Is it: Inflation Price Level National Income none of…
A: Unemployment is defined as when an individual who is willing to work but he is unable to find any…
Q: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9…
A: Labor force: It is the sum of unemployed and employed people, over the age of 16 Unemployed: A…
Q: Retired people who are still capable of working are: check all that apply unemployed not part of the…
A: Retired people who are still capable of working would be classified under 1)Unemployed Because they…
Q: Nominal GDP
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Consider a small economy composed of six people: Andrew, Beth, Darnell, Eleanor, Kyoko, and Jacques.…
A: Unemployment means that people are actively looking for job at prevailing market wage rate but still…
Q: The total population of a country is 7658 million people. 2019 million people are employed, 1550…
A: Total Population = 7658 Number of employed people = 2019. and unemployed people = 1550 Number of…
Q: The following statements refer to the CPI and the GDP deflator. Which one is CORRECT? The CPI…
A: In economics, CPI and GDP deflator, both are the indicators of inflation rate in an economy.
Q: The labor force consists of: a)all adults who areable to work. b)all adults who areworking, plus…
A: Those people who are in working age bracket, are willing and able to do work and actively looking…
Q: ou are given the following information for a country: population of working age 6 million; labour…
A: Labor force = Employed + Unemployed Unemployment rate = (Unemployed / Labor force)*100 Employment…
Q: Assume the following information about the economy: Total population 800000 Total civilian…
A: unemployment rate is the rate which represent the share of workers in the labor force who do not…
Q: The total number of people employed is
A: Labor force participation rate is the rate which shows the active workforce (employed and…
Q: A small city has the following characteristics: Population (15+): 440000 Labour Force Participation…
A: The labor force participation rate indicates the fraction of the working-age population in the labor…
Q: These refer to the percentage of people who do not have a job and are not looking for a job a. Out…
A: The unemployment rate can be calculated by: Unemployed people/labor force
Q: Consider the following labour market data. Adult Population-150 Not in Labour Force-50…
A: Given information: Adult Population-150 Not in Labour Force-50 Unemployed-30 To find: the number…
Q: If Diego works solely at home taking care of his household: he is considered to be unemployed. he is…
A: Labor force is the sum of employed and unemployed people. Unemployed people are the people who do…
The labor force is comprised of
a)the total number of working age people
b) the total number of employed people
C) the total population in an economy
d) the total # of people who are employed or
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- (b) Using the following data calculate:(i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate. 987,156 Currently Working 23,000 volunteer workers9845 (ages 13-14) looking for work 12,000 (ages 15) looking forwork45,600 Part-Time workers 56 family workers who worked15 hrs a week234 Self-Employed 6543 Discouraged Workers67,432 (ages 23-25) looking for work 67,890 laid off receptionistslooking for work544,321 (ages 16-20) looking for work Current population is6,000,0005654 Temp Workers 5000 armed forces543 recent university graduates thatare going back to graduate school3500 institutionalizedUsing the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hrs a week 234 Self-Employed 6543 Discouraged Workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work The current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalizeAdult population 2,189,000 Employed 1,043,000 Not in the labour force 723,000 How many adults are in the labour force? What is the unemployment rate? How many adults are unemployed? What is the labour force participation rate?
- Which of the following people would be unemployed (or belonging to any labor market group) according to official statistics? Shortly explain why or why not. (a) A person who is home painting the house while seeking a permanent position as an electrician. (b) A full-time student. (c) A recent graduate who is looking for a job. (d) A parent who decides to stay home taking care of children full time.The accompanying table provides data on the size of the labour force and the number of unemployed workers for the provinces and territories of Canada. Labour force (thousands) Unemployed (thousands) Province/Territory January 2019 January 2020 January 2019 January 2020 Alberta 2,497.6 2,500.1 169.8 181.7 British Columbia 2,672.5 2,664.5 125.3 118.8 Manitoba 696.1 696.7 38.6 35.7 New Brunswick 387.0 390.1 31.4 29.2 Newfoundland and Labrador 262.2 252.5 29.9 30.0 Northwest Territories 23.0 22.6 1.9 1.9 Nova Scotia 499.2 504.5 33.6 37.2 Nunavut 16.5 15.9 2.4 2.1 Ontario 7,797.7 7,973.6 448.6 415.3 Prince Edward Island 83.6 86.8 8.0 6.5 Québec 4,547.1 4,597.2 242.9 232.7 Saskatchewan 610.9 617.5 34.1 37.3 Yukon 22.2 22.2 0.9 1.1 Data from: Statistics Canada. Calculate the number of workers employed in each province and territory in January 2019 and in January 2020. Use your answer to calculate the change in the total number of workers employed between January 2019 and January 2020. For…(b) Using the following data calculate: (i) (ii) (iii) (iv) (v) The number of persons employed. The number of persons unemployed. The labour force. The Labour Force Participation rate. The "official" unemployment rate. 987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked 15 hrs a week 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for work 6543 Discouraged Workers 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5000 armed forces 5654 Temp Workers 543 recent university graduates that are going back to graduate school 3500 institutionalized
- Which of the following is not in the labor force? Retired Persons Those Unemployed Those Employed Those Employed and UnemployedUsing the following data calculate:(i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate(b) Using the following data calculate: (i) (ii) (ii) (iv) (v) The number of persons employed. The number of persons unemployed. The labour force. The Labour Force Participation rate. The “official" unemployment rate. 987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work Current population is 5654 Temp Workers 543 recent university graduates that are going back to graduate school 6,000,000 5000 armed forces 3500 institutionalized (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.…
- Using the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The "official" unemployment rate. 987,156 Currently Working 9845 (ages 13-14) looking for work 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work 5654 Temp Workers 543 recent university gràduates that are going back to graduate school 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work Current population is 6,000,000 5000 armed forces 3500 institutionalizedAn industry buys $3.75 million worth of resources to make a product. The industry makes 750,000 units of the product and each of them sells for $27. What is the value added per unit in that industryUsing the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate. 987,156 Currently Working | 23,000 volunteer workers 9845 (ages 13-14) looking for work |12,000(ages 15) looking for work 45,600 Part-Time workers| 56 family workers who worked 15 hrs a week 234 Self-Employed |6543 Discouraged Workers 67,432 (ages 23-25) looking for work| 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work |Current population is 6,000,000 5654 Temp Workers |5000 armed forces 543 recent university graduates that are going back to graduate school |3500 institutionalized