Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, and the working-age population is 500 million people. What number of people are unemployed? Group of answer choices a) 100 million people b)5 million people c) 25 million people d)20 million people
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- HFC Online Video Tutorial 1. What would the unemployment rate be if, in an economy, there were 10 million unemployed individuals, 118 mitlion employed individuals, and 64 million individuals not in the labor force? A) 5.2% B) 3.9% C) 7.8% D) 5.5% 2. What would the labor force participation rate (LFPR) be if, in an economy, there were 10 million unemployed individuals, 110 millíon employed individuals, and 60 million individuals not in the labor force? A) There is not enough information to calculate the LFPR B) 200% C) 64.7% D) 66.7% 3. Which single word below most nearly captures the definition of GDP? A) Consumption B) Labor C) Output D) Prices 4. If unemployed workers become discouraged and stop looking for work, dropping out of the labor force, the unemployment rate: A) remains unchanged. B) falls. C) may rise or fall, depending on other factors. D) rises. question 1: question 2: question 3: 30 F2 F3 DII F4 F5 F6 F7 FB @ 23 24 & 4 7 Q W E ∞ * > < CO1)Total Population 330.0 million Adult, noninstitutionalized, non military population 260.0 million Unemployment 8.5 million a) If the labor force participation rate is 65% what is the labor force? b) How many workers are employed? c) What is the unemployment rate?If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals: a)32%. b)25%. c)20%. d)8%.
- Within a country - the number of potential workers is 230 million, the participation rate is 64% and number of unemployed people is 25.2 million. 1) how many people are in the labor force? 2) what is the unemployment rate?If the population of a country is 600,000 people, it's labor force consists of 400,000, and 20,000 people are unemployed, what is the unemployment rate? A) 30%B) 66%C) 5%D) None of the aboveIf the unemployment rate is 6.2% and the number of people employed is 200,000, the total number of people unemployed is approximately Select one: a. 10,970 people b. cannot be determined from this information. C. 12,400 people. d. 13,220 pecple.
- Which of the following people are counted as unemployed? a)A person out of work and actively searching for work b)A person in prison. c)A person who wants to work but stopped searching six months ago. d)A person who works part time but who wants a full-time work.A country with a population of 120,000 (all over age 16) has 100,000 employed and 10,000 unemployed persons of which 5000 are frictionally unemployed and another 3000 structurally unemployed; I. What is the size of the labour force? ii What is the actual unemployment rate? iii what is the labour force participation rate? iv. What is the employment/population ratio? v. What is the natural rate of unemployment? vi. Is this economy in recession or a boom? ExplainSuppose that the unemployment rate is 10%, the total working age population is 100 million, and the number of unemployed is 7.5 million. Determine the labor force
- A country has a population of 1,000,000. The labor force is 500,000. If the unemployment rate is 10%, how many people are employed? 100,000 50,000 450,000 900,000 A country has a labor participation rate of 60%. The employment rate is 90%. What is the total number of people unemployed if the total population is 20,000,000. 1,000,000 1,200,000 1,500,000 2,000,000 If there are more discouraged workers, then unemployment rate will ____ and labor participation rate will _____. fall, rise rise, rise fall, fall rise, fall Ahmed has just graduated with a PhD degree in refinery product optimization. He is currently residing in the Eastern Province looking for a job in the refining industry. He is structurally unemployed He is frictionallly unemployed He is cyclically and structurally unemployed He is frictionally…) Which of the following people would be unemployed (or belonging to any labor market group) according to official statistics? Shortly explain why or why not. (d) A parent who decides to stay home taking care of children full time. (e) A worker who quits his job because he thinks the pay is insufficient. (f) A teenager who gets discouraged looking for work and stops lookingProblem 3 Given that: The number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4%. The labor force participation rate is 72.5%. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? Blackview A80Pro Quad Camera