Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 7, Problem 12E
To determine
(a)
The number of people in the labor force out the 500 surveyed.
To determine
(b)
The
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Assume the total population is 3500. Of the total population, 1800 are working full-time. Of the
not-working population, 1000 are under 16 years of age, 350 are full-time/not-working college
students, 50 were retired, 150 had stopped looking for work because they think there were no
jobs for them, and 150 are diligently looking for work.
6. Calculate # of non-labor force.
7. Calculate the unemployment rate (%).
8. Assuming "discouraged labor" is considered "unemployed," calculate the unemployment rate
(%).
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a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and
2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force
(LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the
employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the
empty cells. Round your answers to the nearest first decimal using the same measurement units.
Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287-
01)
Year
1981
1986
1999
Pop
Number
1979
2205
2012 Number
Number
2855
LF
876
879
Number
1883
E
839
818
Number
Number
U
37
61
55
Number
UR
Number
6.94
5.802
Number
PR
Number
39.864
Number
42.65
Number
ER
b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed…
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
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- A country has a total population of 500 people. Of those, 50 are under the age of 16 or institutionalized. 100 are retired. The rest are in the labor force. Of those in the labor force, 25 are part-time workers that would like to be working full time. There are 30 unemployed workers. What is the unemployment rate (rounded to the nearest whole percentage point)?arrow_forwardHow is the unemployment rate calculated? Describe the three principal types of unemployment.arrow_forwardThe Current Population Survey reports the data for last month: 73 million people had full-time jobs. 10 million people had part-time jobs. 5 million people had no work but were available and had looked for work in the past four weeks. 36 million people of working age did not have jobs and did not want jobs. Calculate last month's labor force and working-age population. 3 tries left Last month, the labor force was was million. A. 98; 134 OB. 93; 124 OC. 88; 134 D. 88; 124 million and the working-age populationarrow_forward
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