Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Question
Chapter 7, Problem 2E
(a)
To determine
Graphical representation of employment–population ratio for men and women.
(b)
To determine
Explain the differences in the trends of employment–population ratio.
(c)
To determine
Trends for women employment–population ratio since 2000.
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Using the following data calculate:
987,156 Currently Working
23,000 volunteer workers
9845 (ages 13-14) looking for work
12,000 (ages 15) looking for work
45,600 Part -Time Workers
56 family workers who worked 15 hrs a week
234 Self Employed
6543 Discouraged Workers
67, 432 (ages 23-25) looking for work
67, 890 laid off receptionists looking for work
544, 321 (ages 16-20) looking for work
Current population is 6,000,000
5454 Temp Workers
5000 armed forces
543 recent university graduates that are going back to graduate school
3500 institutionalized
(c) suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not workingnand not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unnemployment rate.
(d) Illustrate and carefully explain the impact of an increase in the…
Using the following data calculate:
987,156 Currently Working
23,000 volunteer workers
9845 (ages 13-14) looking for work
12,000 (ages 15) looking for work
45,600 Part -Time Workers
56 family workers who worked 15 hrs a week
234 Self Employed
6543 Discouraged Workers
67, 432 (ages 23-25) looking for work
67, 890 laid off receptionists looking for work
544, 321 (ages 16-20) looking for work
Current population is 6,000,000
5454 Temp Workers
5000 armed forces
543 recent university graduates that are going back to graduate school
3500 institutionalized
(i). The number of persons employed.
(ii). The number of persons unemployed.
(iii). The labour force.
Type answer please
Using the following data calculate:
987,156 Currently Working
23,000 volunteer workers
9845 (ages 13-14) looking for work
12,000 (ages 15) looking for work
45,600 Part -Time Workers
56 family workers who worked 15 hrs a week
234 Self Employed
6543 Discouraged Workers
67, 432 (ages 23-25) looking for work
67, 890 laid off receptionists looking for work
544, 321 (ages 16-20) looking for work
Current population is 6,000,000
5454 Temp Workers
5000 armed forces
543 recent university graduates that are going back to graduate school
3500 institutionalized
(iv) The labour force Participation rate
(v). The "official" unemployment rate
Type answer please
Chapter 7 Solutions
Macroeconomics (Fourth Edition)
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