Use the labour market information given below to answer the following questions: * Total opulation = 10 milliol Working - a * ge population = 7.5 million Labour force = 6 million Unemployed = 1 million Calculate the number of individuals (in millions) not in the labour force. a) 2.5 b) 1 c) 1.5 d ) 4.0

The following table shows the labor market data for the U.S. working age population for 2022. The data are from the Bureau of Labor Statistics (I have made slight modifications to some of the numbers in order to get nice ratios).    Civilian  non-institutional population Civilian labor force Men 25 to 54 Years old  63,122,000 55,900,843 Women 25 to 54 Years old  64,039,000  48,934,000 Here is the issue. In the United States childcare services are very expensive: about $10,000 to $15,000 per child per year, depending on the state. This means that a low-income family with two kids and an annual income of, say $40,000, has to pay 50% to 75% of its income to childcare. Many women who cannot afford such expensive childcare services have to stay home to take care of their kids. This is one reason (but not the only one) that keeps women out of the labor force.  For the sake of this exercise let's assume that high childcare costs are the only reasons for low women's participation…

Problem 08-02 algo Refer to the figure to answer two questions. Marginal Revenue Product(per hour) $22 $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 2 worker(s) MRP b. $10 an hour? 4 worker(s) 6 Quantity of Labor(workers per hour) 8 According to the figure, how many workers would be hired if the prevailing wage were Instructions: Enter your responses as a whole number. a. $14 an hour? 10 12 14

Attached is the unfinshed labor market data for a firm that sells dog treats. Complete the table with the correct values.

4

Hello, I would like help on those assignments. Thank you!

WAGE (Dollars per hour) 15 Labor Supply 12 0 200 400 600 Labor Demand 900 1000 QUANTITY (Thousands of workers) Graph Input Tool Labor Market Wage Rate (Dollars per hour) Labor Demanded (Thousands of workers) $11.1 260 Labor Supplied (Thousands of workers) 740 480 Surplus Labor (Thousands of workers) Labor Demand Shifters Tax Credit (Dollars per hour) ° ? Suppose the minimum wage in this economy is $11.10 per hour. An unemployed worker is defined as someone who is willing to work at the prevailing wage but is unable to find employment. Because the minimum wage lies above the equilibrium wage, it is binding, which means it is also the prevailing wage. If the wage is not allowed to fall below $11.10 per hour, the size of the unskilled labor force is workers are considered unemployed. The unemployment rate is defined as the percentage of unemployed workers in the labor force: Unemployment Rate = Unemployed Labor Force x 100 workers, and unskilled At a minimum wage of $11.10 per hour, the…

Note: typed answer with 100℅

Note: typed answer with 100℅

Suppose you are given the following data (in persons): Category Total Population No. of Persons 2,000,000 860,000 Working-Age Population Employed 300,000 Unemployed 120,000 Discouraged Workers 80,000 What is the employment-to-population ratio (round to nearest whole pefcentage)? a. 15 percent .b. 29 percent c. 35 percent d. 49 percent e. none of the above is correct