"Australia has aimed to achieve full employment by implementing various employment and labor market programs". Achieving full employment would indicate that: A. Everyone in the Australian economy has a job. B. There is no unemployment in the economy. c. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. D. Only a small percentage of the Australian workforce is unemployed.
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- Are all adults who do not hold jobs counted as unemployed?You are given the following information for a country: population of working age 6 million; labour force 4 million; and employed 3.5 million. Based on this information, which of the following is correct? a. There are 2.5 million unemployed in this country. b. The unemployment rate is approximately 8%. c. The employment rate is approximately 88%. d. The participation rate is approximately 67%.Full employment: a. will always include some unemployment. b. exists when everyone in the labor force has a job. c. exists when, on average, nearly two out of three adults in the labor force are employed. d. exists when everyone who wants a job has one. e. exists when the unemployment rate is zero.
- Question 1: Country Alpha has an adult population of 200 million citizens. The population under age 16 is 35 million; not in labor force is 50 million while workers who are looking for jobs is 9 million. a. Calculate the number in the labor force. b. Calculate the labor force participation rate. C. Calculate the unemployment rate.Question 2. The Labour Force Survey is a monthly survey which measures the current state of the Canadian labour market. Into which of the three categories - employed, unemployed, not in the labour force - would an interviewer for the Labour Force Survey place each of the following people? Explain. a. Jennifer Temple is working as a second-grade schoolteacher. b. Frank Peabody is attending college full time to earn a degree in elementary education. c. Martin Hampton is working as a high school social science teacher, but is at home sick with the flu. d. Kyle Brown does not currently have a job. He wants to be an elementary schoolteacher. He has the appropriate degree. He has not looked for a position in the last month because he doesn't believe schools are currently hiring. e. Brenda Dewey does not currently have a job. She has sent her resume to several school districts in the past week in the hope of finding a teaching position.Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this economy is 8.8 percent, and the labor force participation rate is 65 percent. i. What is the size of the labor force and working-age population?ii. How many people are unemployed?
- importance of employment and unemployment? explain both terms.20. The economy is fully employed when there is no: cyclical unemployment seasonal unemployment structural unemployment frictional unemploymentSuppose that you are given the following information: a. If the labour force participation rate is 68.0%, then the labour force is million. (Enter your response rounded to one decimal place.) b. The number of employed adults is million. (Enter your response rounded to one decimal place.) c. The unemployment rate is percent. (Enter your response as a percentage rounded to two decimal places.) D Total Population Adult, noninstitutionalized population Unemployed adults 300 million 295 million 5 million
- The following data pertains to Googa, an economy. Population:258 million. Population 16 years and under or institutionalized: 116 million. Population employed: 89 million. Population unemployed: 3 million. Population employed part time, but willing to work full time 16 million. Population currently not employed, not seeking employment, but willing and able to work 5 million. a. what is the labor force in Googa? b. what is the unemployment rate in Googa?The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Employed Unemployed Not in the labor force What is the total labor force? What is the labor force participation rate? What is the unemployment rate? Number of people 4505 452 591 Suppose 286 of the 452 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? What is the new unemployment rate? % % % %1. You are given the following information for a country: Participation rate = 75%, Unemployment rate = 10%, Employment rate = 67.5% and Number of employed = 27 million. Based on this information, calculate the following (in millions): (a) Working age population (b) Size of the labour force. (c) Number of unemployed people