Question

The following data show the U.S. adult population by group in May 2009 Number employed     ...

  1. The following data show the U.S. adult population by group in May 2009
    1. Number employed      =          140.57 million
    2. Number unemployed =          14.51 million
    3. Adult population         =          235.45 million

Use the above data to calculate (20 points)

  1. the labor force   
    1. the number of people not in the labor force  
    2. the labor force participation rate

d. the unemployment rate

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The number of people employed in a city are 128,000. The adult population is 201,000, and...
The number of people employed in a city are 128,000. The adult population is 201,000, and the labor force participation rate is 67%. Based on the figures, calculate the following. Show your work. a. the unemployment rate b. the number of people in the labor force c. the number of adults not in the labor force d. how the economy is doing
) As of March 2018, the adult population for the U.S. is 257,097, the total number...
) As of March 2018, the adult population for the U.S. is 257,097, the total number of employed people is 155,178, and the total number of unemployed people is 6,585 (all figures in this question are measured in thousands). a. What is the unemployment rate for the U.S.? b. What is the labor force participation rate for the U.S.? c. Of the 6,585 unemployed people, if 1,000 become discouraged and stop looking for work, what is the new unemployment rate?...
The country of Caledonia has the following employment data: ·  Adult Population is 30 million ·  Labour Force...
The country of Caledonia has the following employment data: ·  Adult Population is 30 million ·  Labour Force Participation rate is 70% ·  Unemployment rate is 8% a.       (2) Calculate the number of people in the labour force. b.      (1) How many people are unemployed? c.       (1) How many people are employed? d.      (2) Government officials think that a major reason for the unemployment is an economic downturn due to low aggregate demand during a pandemic. How would this type of unemployment be classified and what could...
Part A Suppose some country had an adult population of about 50 million, a labour-force participation...
Part A Suppose some country had an adult population of about 50 million, a labour-force participation rate of 60 percent, and an unemployment rate of 7 percent. How many people were unemployed? Part B Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labour-force participation rate is 70%. What is the unemployment rate?
A county with work-eligible population of 110,000 has 75,000 employed and 15,000 unemployed. Calculate the unemployment...
A county with work-eligible population of 110,000 has 75,000 employed and 15,000 unemployed. Calculate the unemployment rate and the labor force participation rate. Suppose the natural rate of unemployment is 5%. Calculate the number of people cyclically unemployed.
Assume the following information about a country for the following problems: The total adult population equals...
Assume the following information about a country for the following problems: The total adult population equals 580 million; The number of civilians employed is 360 million; The number of civilians unemployed is 30 million From the data provided, the labor force participation rate is approximately___percent.
1. If the number of employed persons in a country equals 65 million, the number of...
1. If the number of employed persons in a country equals 65 million, the number of unemployed persons equals 15 million, and the number of persons over age 16 in the population equals 85 million, the unemployment rate equals ________. A. 18.8% B. 17.6% C. 23.1% 2. Calculate the unemployment rate based on the following data for a country: Population: 200, Employed workers: 120, Labor Force: 125, Discouraged workers: 8. A. 6.4% B. 4.5% C. 4.0% 3. Londonale has a...
Question #34~#36] There are 520 million employed people and 600 million in the labor force. The...
Question #34~#36] There are 520 million employed people and 600 million in the labor force. The total adult population is 850 million. 34. How many people are unemployed in this country? Equation: Answer: 35. The unemployment rate for this country is Equation: Answer: 36. The labor-force participation rate is Equation: Answer:
The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment...
The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of people discouraged workers 2 million Calculate the size of the labor force. Calculate the labor force participation rate. Show your work. Given the state of the economy described in the...
5. The table below uses data provided by the Labor Statistics Data. All values are in...
5. The table below uses data provided by the Labor Statistics Data. All values are in thousands. Country Adult Population Labor Force Employed Unemployed Unemployment Rate Labor-Force Participation Rate Japan 109,474 62,510 3,500 France 26,870 2,577 57.41 Germany 70,159 39,591 9.69 a. Calculate and fill in the blank entries in the table above. Show your calculations. ………………………………………………………………………………………………….. ………………………………………………………………………………………………….. ………………………………………………………………………………………………….. b. Comment on the unemployment rate of those three countries. ………………………………………………………………………………………………….. ………………………………………………………………………………………………….. ………………………………………………………………………………………………….. [Total: 15 marks]
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT