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- 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? solve from iv to vi iv. What is the employment/population ratio? v. What is the natural rate of unemployment? vi. Is this economy in recession or a boom? ExplainThe information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above.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?
- 5. Ontario's total population is equal to 97,098. You also have access to the following information: Not-able bodied: 14,602 Unemployment rate: 7.5% Not in the labour force: 30,936 a. There are able-bodied individuals. Round your answer to the nearest integer if necessary. b. There are employed individuals. Round your answer to the nearest integer if necessary. С. The labour force participation rate is %. Round your answer to one decimal place if necessary.c) Suppose that the Working-age Population is 45 million, the Labour Force is 38 million while the unemployment rate is at 3.5%. Calculate the: i) Labour Force Participation Rate ii) Employment-to-Population Ratio1)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?
- 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…If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labour force, 10 million unemployed and and 150 million employed, what is the unemployment rate?If, over two periods, the unemployment rate had reduced from 6.5 per cent to 5.5 per cent and the measured labour force underutilisation rate had reduced from 14 per cent to 12 per cent, has the underemployment rate increased or decreased and by what percentage?
- 1) Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150 (besides under 16); unemployed, 23; part-time workers looking for full-time jobs, 10. No discouraged workers A) What is the size of the labor force?. B) What is the official unemployment rate (U3) (Number-NOT definition)? c) What is the U6 rate (Number-NOT definition)? D) Labor Force Participation Rate (Number-NOT definition? 2) There following information is found for unemployment: Structural 5% Cyclical = 2% U3= 8% A) What is the other frictional unemployment rate (Number-NOT definition)? B) Is the economy at full employment? Why or why not? C) What is the natural rate of unemployment (Number-NOT definition)?Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 For each of the following scenarios, state whether the unemployment is frictional, structural or cyclical. Justify your answer. (a) Ted lost his job when the steel mill closed down. He lacks the skills to work in another industry and so has been unemployed over a year. (b) Gwen had a job as a clerk but quit when her husband was transferred to another state. She looked for a month before finding a new job that she liked.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? Please I need answers for the below iv. What is the employment/population ratio? v. What is the natural rate of unemployment? vi. Is this economy in recession or a boom? Explain