There are 42 unemployed people and 284 employed people. What is the unemployment rate?

Q: Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the…

A: Unemployment rate refers to the fraction or percentage of unemployed workforce from the total labor…

Q: If the CPI is 150 and nominal income is $100,000, what does real income equal?

A: CPI in base year is equal to 100 Formula: Real income = nominal income * ( CPI in base year / CPI in…

Q: What is the unemployment rate derived from these numbers?

A: Total population: 200,000 Employed: 75,900 Unemployed: 5,440 Not in labor force: 117,060 Total labor…

Q: What is the CPI in 2020?  What is the inflation rate between 2019 and 2020?

A: The measure that in turn tend to depict thechanges in the level of price of a consumer's basket of…

Q: Calculate the nominal interest rate when real interest rate is 5% and inflation is 2%

A: # According to fisher's equation, we know that the real interest rate is the difference between…

Q: What would be the Nominal GDP if the price index is 100 and the amount of Real GDP is 250 ?

A: As per the given question Price index is values as = 100 Real GDP = 250 Nominal GDP needed = ?

Q: A country has 20 employed workers, 5 unemployed workers still actively seeking jobs, and 10…

A: The unemployment rate, u in short, conveys the portion of labor not used by the industries. It is…

Q: The CPI measures the price of all consumer goods. Is this true or false?

A: The consumer price index is a widely used indicator of economic inflation and deflation. Inflation…

Q: A nation has a population of 260 million people. Of these, 60 million are retired, in the military,…

A: Given:- Total population=260 million People retire/under 16 years=60 million Employed=188 million…

Q: What is the role of CPI?

A: CPI is said as the consumer price index. It is a good measure of inflation. It measures the change…

Q: In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time…

A: The unemployment is the situation when people who are willing and able to work but they are not able…

Q: Suppose that there are 210 adults in a small town. 120 have jobs, 2 are in jail, 8 have given up…

A: In an economy, among the adult population, not all the individuals are counted in the labor force…

Q: In the country of Kong the labor force participation rate is 64%, the unemployment rate is 16%, and…

A: Economic activity rate, EAR, is the percentage of the population, both employed and unemployed, that…

Q: Suppose an economy has 10,000 people who are not working but looking and available for work and…

A: Given:- Unemployed people(people who are not working)=10,000 People employed(or working)=90,000 To…

Q: Suppose that the number of non-institutional civilian (working age) population is 150 million. Of…

A: We are going to use a labor force definition to answer this question

Q: What is the unemployment rate of Germany for the last five years

A: The given table below shows the unemployment rate in Germany

Q: Suppose 35 000 000 people are in the labour force, 18 000 000 people are employed in the public…

A: Labor force is defined as a concept which refers to the pool of individuals who are both employed…

Q: Use the following data to calculate  the number of persons employed the number of persons…

A: 1. Number of persons employed is given by Number of persons employed = currently working + part time…

Q: If the number of people in the labor force is 140 million and 130 million people are employed, then…

A: Employed are those people who are involved in the economic activities. Unemployed are those people…

Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…

A: Labor force is the sum of unemployed and employed workers. People who are willing and able to work…

Q: In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working…

A: Unemployment is a time period relating to individuals who are employable and actively searching for…

Q: Population: 350 million Working-age population: 250 million Labor Force: 150 million Number of…

A: here we calculate the unemployment rate and labor force participation rate for this economy by using…

Q: If the nominal income is 180 and the price index is 120 calculate the real income!!

A: Here given information is, Nominal income: 180 Price index: 120 To find: real income

Q: Why is Consumer Price Index (CPI) important to a business?

A: Consumer price index (CPI) is one of the economic tools to measure the changes in economic…

Q: If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a…

A: Unemployment spells linked with frictional unemployment are often short, whereas those related with…

Q: What does the CPI in the base year equal? Explain your answer.

A: Inflation is defined as the overall increase in the price level in the economy over a period of…

Q: the cpi in 1930 equaled 0.20. the cpi in 1931 equaled 0.18. the rate of inflation between 1930 and…

A: The rate of inflation formula is: Inflation=CPIt-1-CPItCPIt-1Inflation=0.20-0.180.2Inflation=0.1%

Q: Employment is measured by how many people had jobs last month. True or false

A: The total labor force in the economy consists of people who are both employed and unemployed.

Q: If the consumer price index was 70 in one year and 100 in the next year then the rate of inflation…

A: A price index is a weighted normal of the costs of a chose container of labor and products…

Q: The unemployment rate dropped to 6.6 per cent in January 2022, which is lower than the pre-pandemic…

A: The expanded definition of unemployment refers to a situation when people are not looking for any…

Q: The real wage rate is ​$10.00 an hour and the CPI is 110.   What is the nominal wage​ rate? The…

A: Real wage rate: It is a wage rate, which affects due to the change in prices. Therefore, it changes…

Q: Adult population 2,189,000 Employed 1,043,000 Not in the labour force 723,000   How many adults are…

A: Labour force is the sum of people who are employed and people who are unemployed.

Q: In 2020, the Labor Force Survey measured the economically active population is 40 million, the…

A: The natural unemployment rate refers to the long-run unemployment rate of the economy. The natural…

Q: Also define employed person, unemployed person and unemployment rate.

A: The economies around the world tend to emphasize on their growth, and development of the nation.…

Q: Newspaper and government sources often cite `core' CPI, a Consumer Price Index that does not…

A: Center inflation is the modification of labor and product costs, but it does not include food and…

Q: In 2019, the inflation was 4.1% and the nominal interest rate was 6.2%  Calculate the real interest…

A: We are given with the values of inflation rate and nominal interest rate in the year of 2019…

Q: Is it possible to have decrease in unemployment rate at the same time as there is less people…

A: Unemployment rate is used to estimate the actual economic growth because increased output with…

Q: Why is the unemployment rate important to evaluate the economic situation of a country

A: The unemployment refers to the situation in which people who are willing to work at the prevailing…

Q: Suppose the CPI increases from 215 to 222, what is the rate of inflation for that year? What is the…

A: Consumer price index (CPI) increases from 215 to 222 The percentage change in CPI measures the…

Q: Saved Some wages, tax brackets, interest rates, and government benefits are based on the CPI. True…

A: Definition, The Consumer Price Index (CPI) is an activity that glances at the weighted ordinary of…