Calculation of adult population.

Question

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Answer 1

Question

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Sub part (b):

To determine

Calculation of labor force.

Sub part (c):

To determine

Calculation of labor force participation rate.

Sub part (d):

To determine

Calculation of unemployment rate.

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In June 2009, at the trough of the Great Recession, the Bureau of Labor Statistics announced that of all adult Americans, 140,196,000 were employed, 14,729,000 were unemployed, and 80,729,000 were not in the labor force. Use this information to calculate: a. The adult population b. The labor force c. The labor-force participation rate d. The unemployment rate

A country has a population of 160 million. Out of this population, the number of retired people is 23 million, the number of people below working age (under 16 years) is 39 million, and the number of people under different types of institutional care is 1.5 million. In this country, the number of the employed amount to 75 million people and the unemployed amount to 4 million people. Calculate the following and show your work Working-age population Unemployment rate The economic activity rate Employment rate

Answer 2

Question

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Sub part (b):

To determine

Calculation of labor force.

Sub part (c):

To determine

Calculation of labor force participation rate.

Sub part (d):

To determine

Calculation of unemployment rate.

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Answer 3

Question

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Sub part (b):

To determine

Calculation of labor force.

Sub part (c):

To determine

Calculation of labor force participation rate.

Sub part (d):

To determine

Calculation of unemployment rate.

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Answer 4

Question

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Sub part (b):

To determine

Calculation of labor force.

Sub part (c):

To determine

Calculation of labor force participation rate.

Sub part (d):

To determine

Calculation of unemployment rate.

Expert Solution & Answer

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Answer 5

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Sub part (b):

To determine

Calculation of labor force.

Sub part (c):

To determine

Calculation of labor force participation rate.

Sub part (d):

To determine

Calculation of unemployment rate.

Answer 6

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Answer 7

Chapter 20, Problem 1PA

Sub part (a):

To determine

Calculation of adult population.

Answer 8

Sub part (b):

To determine

Calculation of labor force.

Answer 9

Sub part (b):

To determine

Calculation of labor force.

Answer 10

Sub part (c):

To determine

Calculation of labor force participation rate.

Answer 11

Sub part (c):

To determine

Calculation of labor force participation rate.

Answer 12

Sub part (d):

To determine

Calculation of unemployment rate.

Answer 13

Sub part (d):

To determine

Calculation of unemployment rate.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 20.1 - Prob. 1QQ Ch. 20.2 - Prob. 2QQ Ch. 20.3 - Prob. 3QQ Ch. 20.4 - Prob. 4QQ Ch. 20.5 - Prob. 5QQ Ch. 20 - Prob. 1CQQ Ch. 20 - Prob. 2CQQ Ch. 20 - Prob. 3CQQ Ch. 20 - Prob. 4CQQ Ch. 20 - Prob. 5CQQ

Calculation of adult population.

Solution Summary: The author explains the calculation of adult population and labor force participation rate.

Calculation of adult population.

Calculation of labor force.

Calculation of labor force participation rate.

Calculation of unemployment rate.

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Chapter 20 Solutions