Question

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 a government do to reduce it?

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
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?
LABOUR MARKET Population and Employment, Lusaka, 2020 (millions) Total population 30.5 Labour-force population 24.3 Labour force...
LABOUR MARKET Population and Employment, Lusaka, 2020 (millions) Total population 30.5 Labour-force population 24.3 Labour force 15.9 Employed 14.7 Find the labour force participation rate? * Your answer Find the unemployment rate * Your answer Find the employment rate * Your answer Find the percentage of the unwilling to work * Your answer
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:
Suppose that in the small country of Eoflizeba there are 12 million people in the adult...
Suppose that in the small country of Eoflizeba there are 12 million people in the adult population, the labor-force participation rate is 70 percent, and that there are 7.6 million people employed. To the nearest tenth, what is the unemployment rate? 10.5% 9.5% 6.7% 3.8%
A government agency provides labour data as presented in the table below. Based on this data,...
A government agency provides labour data as presented in the table below. Based on this data, answer the following questions. in thousands Both sexes, 15 years and over Population 50,400 Labour force ____________ Employed 16,650 Unemployed 4,000 Participation rate ____________ Unemployment rate ____________ Employment rate ____________
In a stylized economy the number of potential workers is 250, the labour force is 140...
In a stylized economy the number of potential workers is 250, the labour force is 140 meanwhile number of employed people is 110 in 2007. In the same economy the number of potential workers is 265, the labour force is 157 meanwhile the number of employed people 149 in 2012. Calculate the labour force participation rate, number of unemployed people and unemployment rate in each year. What has been the change in unemployment rate?
In 2019, Nimeria had a labour force of 18,235,200, employment of 16,118,250, and there were 8,888,800...
In 2019, Nimeria had a labour force of 18,235,200, employment of 16,118,250, and there were 8,888,800 working-age people not in the labour force. Calculate the unemployment rate. Calculate the participation rate. Calculate the employment ratio (employment rate).
In December 2002, Dominica had a labour force of 14,757,000, employment of 13,197,000, and there were...
In December 2002, Dominica had a labour force of 14,757,000, employment of 13,197,000, and there were 7,994,000 people not in the labour force. Calculate the unemployment rate (in %). Calculate the labour force participation rate (in %).
1 a.Suppose a certain country (country A) has an unemployment rate of 5.3 percent and a...
1 a.Suppose a certain country (country A) has an unemployment rate of 5.3 percent and a labor participation rate of 67.9 percent. There are 37,999,448 people employed in the country. Find the number of people who are unemployed, the number of people in labor force, and the adult population of this country. b. Suppose another country (country B) has an adult population of 77,170,888 people, 48,126,554 of whom are consider to be in the labor force and 35,686,551 of whom...
The following data show the U.S. adult population by group in May 2009 Number employed     ...
The following data show the U.S. adult population by group in May 2009 Number employed      =          140.57 million Number unemployed =          14.51 million Adult population         =          235.45 million Use the above data to calculate (20 points) the labor force    the number of people not in the labor force   the labor force participation rate d. the unemployment rate
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT