The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of people discouraged workers 2 million Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?

Q: The Bangladesh Bureau of Statistics report that the population of the country in 2019 was 170…

A: Answer: Given, Total Population= 170 million Adult population= 60% of total population Adult…

Q: Legislative efforts to make it more difficult for employers to lay off employees will most likely…

A: Unemployment is the situation when an individual is seeking a job but unable to find one.

Q: Determine whether each of the following would be considered frictional, structural, seasonal, or…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Simon used to work at McDonald’s but was fired because he frequently missed his shifts at work.…

A: Frictional Unemployment. Temporary changes in workers' lives, such as moving to a new city and…

Q: Unemployed 9 Total Population 145 Employed 64 Discouraged Workers 3 The table contains…

A: The answer to the question is as follows :

Q: Which of the following statements is FALSE? (A) high rates of unemployment often have a way of…

A: Statement B is false. The availability of unemployment benefits reduces the worker's effort to find…

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: Cyclical unemployment is the: portion of unemployment that is due to the normal working of the labor…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: When most workers are classified as not being in the labor force, when in reality they are actively…

A: Labour force is the sum of employed and unemployed. Unemployed people are people who are actively…

Q: The Bureau of Labor Statistics (BLS) USA reported following data in the report: The number of…

A: To calculate the following:   Labor Force = The number of employed  + Number of Unemployed U-Rate =…

Q: How will the following changes affect the natural rate of unemployment? Specifically, do they…

A: Unemployment refers to individuals who are in turn employable and are also actively seeking for a…

Q: The following table contains U.S. employment information from February 2010. Civilian Population…

A: The unemployment rate can be calculated by dividing the number of unemployed people with the total…

Q: Which of the following statements is false a. Natural rate of unemployment includes frictional and…

A: Here all the statements are regarding unemployment Definition of unemployment : Unemployment is a…

Q: Considering the wage-setting relation, which one of the following will definitely result in a…

A: The natural rate of unemployment, often known as natural unemployment, is the lowest rate of…

Q: Since 1960 there has been a substantial increase in unemployment rates in major European countries.…

A: The unemployment refers to the phenomenon in which the people who are willing to work at the…

Q: When the economy is at full employment, will the unemployment rate be 0%? Explain briefly When the…

A: ANS When an economy is at full employment then the economy is using its all available resources most…

Q: Which of the following is true of the natural rate of unemployment? Select an answer and submit. For…

A: The natural rate of unemployment refers to the rate of unemployment equal to the sum of the…

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: During the Great Recession of 2008, many workers became discouraged and dropped out of the labor…

A: Labor force is a sum of people unemployed and people employed.

Q: Which of the following is not a reason economies experience structural unemployment?   Question 26…

A: Frictional unemployment is the kind of unemployment that results from workers trying to find new…

Q: Topic: Explain with relevant data sources from the attached file and…

A: Introduction: Decreased in unemployment rate means which is discussed in Step 2

Q: Workers at a car-manufacturing plant in Detroit, Michigan are laid off because of a recession in the…

A: Unemployment refers to the situation when a person is able and willing to work but is uanble to find…

Q: A man who retired becomes bored with retirement and begins to look for a job. During the time he is…

A: Answer: Let us consider that the man who is retired now was working in a sector where retirement…

Q: The natural unemployment rate incorporates​ (that is, it includes and directly​ tracks) structural​…

A: Unemployment refer to a situation when a person is in working age , activity finding employment but…

Q: Which of the following is the best example of frictional unemployment? a. Bank tellers are unable…

A: The answer is c. A worker quits her current job to search for a better one

Q: The three people described in the following table are categorized as unemployed by the Bureau of…

A: 1. This is structural unemployment because structural unemployment arises due to the mismatch…

Q: What types of unemployment will still exist when the economy is at the natural rate of unemployment?…

A: Unemployment rate = frictional unemployment + structural unemployment + cyclical unemployment When…

Q: The following table shows data on frictional, cyclical, structural, and total unemployment for an…

A: Given: Frictional unemployment = 1.0 Cyclical unemployment = 0.0 Structural unemployment = 3.1 Total…

Q: If discouraged workers are included in the determination of the unemployment rate, what effect will…

A: If discouraged workers are included in the determination of the unemployment rate, what effect will…

Q: Fill in the following table by calculating the official unemployment rate and the U-4 measure of…

A: Unemployment is a situation in which persons who are able, willing and looking for jobs are unable…

Q: In 2009, Papua New Guinea had an estimated natural rate of unemployment equal to 4.7% and an actual…

A: The fluctuations in the business cycle as a result of recession and booming will leads to cyclical…

Q: Question 12   When gross domestic product (GDP) increases, national income _________ and national…

A: 12) Where there is rise in the Gross domestic product (GDP) of the nation, its national product and…

Q: The three people described in the following table are categorized as unemployed by the Bureau of…

A: Sean recently lost his job.....- Structural  A recent recession has reduced....- Cyclical  Yvette…

Q: Consider an economy with the following data: Population (civilian, 16 and older,…

A: Unemployment rate=unemployed/labor force*100 Labor force=employed+unemployed 400=364+unemployed…

Q: How do economists define unemployed workers? Group of answer choices Although currently working,…

A: Labor Force include two types of workers-Employed workers and unemployed workers.

Q: If the unemployment rate is approximately 6.1% then it must be true that there is…

A: An economic issue in the country is that people do not have jobs and also do not actively look for…

Q: Unemployment rates have been higher in many European countries in recent decades than in the United…

A: Unemployment is the situation when people actively searching for work but unable to find the work.…

Q: The table below shows unemployment and labor force statistics for an economy. Actual rate of…

A: 1. The number of people employed part-time must be included in the labor force. The persons not…

Q: For the following scenarios, choose from the following types of unemployment: Frictional, Cyclical,…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: All frictional unemployment is short-term unemployment; all structural unemployment is long term…

A: Unemployment is the status of not being able to find work despite actively looking for one.…

Q: Structural unemployment   a. arises from mismatches between available jobs and workers' skills or…

A: Structural unemployment occurs when people lack the basic skills needed to do the job or live far…

Q: Q30 Which of the following will cause an increase in the natural rate of unemployment? Select one:…

A: There are two variables related to job. Employment and unemployment. Employment is very important…

Q: Suppose the government wants to reduce this type of unemployment. Which of the following policies…

A: Unemployed are those who falls in working age bracket, are able and willing to work at going wage…

Q: Assume you have the following information about the unemployment rate among different groups in the…

A:

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.