Unemployment and Inflation (Chapter 9) Working-age population 235,900 Employment Unemployment Unemployment rate 9.4% Labor force Labor force participation rate 65.5% 2.1 Fill in the missing values in the table of data collected in the household survey for December, 1996. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work 2.2 Explain what economists mean by full employment and why this rate of unemployment is not zero

Suppose an economy is experiencing the following rates of unemployment by type.     Rate (%) Cyclically Unemployed 4.3 Frictionally Unemployed 4.8 Structurally Unemployed 4.2   The actual unemployment rate is   Multiple Choice   13.3 percent and the natural rate of unemployment is 9.0 percent.   15.5 percent and the natural rate of unemployment is 13.3 percent.   9.0 percent and the natural rate of unemployment is 13.3 percent.   13.3 percent and the natural rate of unemployment is 15.5 percent

The following table includes information on the unemployment rates among workers.   Unemployment Rates Among Workers Type of Unemployment Rate of Unemployment (percent) Cyclical 5.6% Discouraged 2.0 Frictional 2.4 Structural 3.5   Instructions: Round your answers to one decimal place.   a. What is the actual unemployment rate?       b. What is the natural rate of unemployment?

Question 1

Complete the following table: Column1 Column2 Employment 160,528,000.00 Unemployment Unemployment Rate U3 4.1% Labor Force Labor Force participation rate 64.1% Civilian Population Employment/Population ratio

What is the natural unemployment rate? What is cyclical unemployment?   What is frictional unemployment? What are possible reasons that would create frictional unemployment? What policies can a government follow to reduce frictional unemployment in a country?  What is structural unemployment? What are possible reasons that would create structural unemployment? What policies can a government follow to reduce structural unemployment in a country?

Section 3: Inflation and Unemployment The labour market Fill in the missing data in the table illustrating some labor market data for New-England Explain how the missing data was received. Data Type Working age population (x 1 000) Inactive population (x 1000) Active population (x 1 000) Employed (x 1 000) Unemployed (x 1 000) Unemployment rate (%) Activity rate (%) Employment rate (%) T1 2013 28476.9           66.6 61.8 T2 2013 28566.1         7.1 66.5   T3 2013 28667.9 9616.8 19051.1 17698.8 1352.3 7.1 66.5 61.7 T4 2013 28757.7 9681.9 19075.8 17735.3 1340.6 7 66.3 61.7 T1 2014   9737   17748.3       61.5 T2 2014 28912 9812.2 19099.8 17762 1337.7 7 66.1 61.4 T3 2014 29001.8 9868.1 19133.7 17791.7 1342 7 66 61.3 T4 2014 29073.7       1290.9 6.7     T1 2015 29138.7 9983 19155.7 17873.1 1282.5 6.7 65.7…

Suppose an economy is experiencing the following rates of unemployment by type.     Rate (%) Cyclically Unemployed 4.3 Frictionally Unemployed 4.8 Structurally Unemployed 4.2   The actual unemployment rate is   Multiple Choice   13.3 percent and the natural rate of unemployment is 9.0 percent.   15.5 percent and the natural rate of unemployment is 13.3 percent.   9.0 percent and the natural rate of unemployment is 13.3 percent.   13.3 percent and the natural rate of unemployment is 15.5 percent

Explain the difference between the natural rate of unemployment and the actual rate of unemployment as reported by the US Department of Labor.

Yermo, California, has a labor force of 5,000 persons and employment of 4,100. The unemployment rate for the city is? (Please specify answer in percentage.  If answer is .06, then convert to percentage and enter 6.  NO NEEDT TO ENTER % OR PERCENT SIGN.  Convert answer by either moving decimal point two places to the right or multiplying by 100),