. Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890
Q: Question Use the below data to calculate: 1- The labor force 2- Unemployment rate 3- Population…
A: Labor force participation signifies the proportion of civil population that is either employed or…
Q: 987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages…
A: The labor force participation rate is a measure of how active a worker is in a given economy. The…
Q: Table: Employment Data Full-time employed Not working but looking for work Part-time employed…
A: Labor force equals total workforce in employed as well as unemployed workers.
Q: Calculate the missing values in the table below by using the provided data collected in the…
A: Labor force is the number of people who willing to work and working age people who able to work so…
Q: Civilian Employment = 157722 Unemployment = 6270 Not in Labor Force = 99333 Use the values…
A: Here, information about employment, unemployment and not is labor force is given. To find:…
Q: Use the information below to answer the question Population 30 million People between ages 15 and 65…
A: Labor force = full time employed + part time employed + unemployed = 9 + 1.5 + 1 = 11.5 million
Q: 74 Unit 11.2 Growing the Economy 1. Unit 11.2 Activity 1B: Physical and mental labour Discuss the…
A: Mental labor is that work in which the brain is applied for the execution of the work. Mental…
Q: UNEMPLOYMENT 1. The Bureau of Labor Statistics reported the following data for 2020: Labor force…
A:
Q: The table gives information about a nation's labor force. What is the number employed? million. The…
A: Meaning of Labor Economics: Here, the term labor economics is all about the output/production in…
Q: 19. Retired persons are officially classified as: not in the labor force O unemployed underemployed…
A: Labor force is the number of people who are either working or willing to work. Labor force is the…
Q: of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%.…
A: All A,B & C answers given below,
Q: Economists use labor-market data to evaluate how well an economy is using its most valuable…
A:
Q: Use the below data to calculate: a. the labor force, b. the number of people not in the labor force,…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…
A: Given; Population of Australia= 25.6 million Population of adult over the age of above 15 years=…
Q: Consider the following data for an economy last year: Total population 383.52 million Part-time…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: 2. 90,000 is the population in city XYZ. Out of that, 60,000 are in labor force and employed peoples…
A: "Unemployment rate depicts the percentage of labor force which are currently unemployed or people…
Q: The BLS survey found the numbers in the table for a small community. Category Number Calculate the…
A: Here, the given table provides information about the total number of people in the community and…
Q: 987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages…
A: The underground economy, also known as the shadow economy, is the trade of goods and services that…
Q: Calculate: Labor Force = Unemployment rate = Labor-force participation rate =…
A: The labor force is the population who is employed as well as unemployed in the total population.
Q: 1) What is the national Unemployment rate?
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work…
A: The unemployment rate is expressed as a percentage of the labor force. It is a lagging indicator,…
Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…
A: As per the guidelines, first three subparts can be answered. Kindly repost the other questions…
Q: For this activity, please calculate the Unemployment Rate using the information listed below.…
A: Rate of unemployment is the share of persons who do not have jobs. It is represented in the…
Q: Refer to the information provided in Table below to answer the question. Labor force participation…
A: Given: Labor Force Participation Rate = 60% Total Population = 200 million Unemployment rate = 5%
Q: Question 1 Save Answer The table below uses data for the year 2018 provided by the Bureau of Labor…
A: The adult population is that population that is of working age i.e. between the ages 15 and 64. The…
Q: Q1. The Department of Statistic, Malaysia announced that in 2005, of all adult Malaysians,…
A: Adult population = 16,555,400 Labor force = 10,926,600 Labor force participation rate = 66%…
Q: Question 4 Assume there are only 6 counties in a country, and there are only three industries (beer,…
A: The location quotient measures the relative concentration of an industry in a region relative to the…
Q: 987,156 Currently Working 9845 (ages 13-14) looking for work 45,600 Part-Time workers 234…
A: Unemployment occurs when job seekers are unable to find jobs, which lowers the economic impact. High…
Q: Suppose there is a town with 800,000 people. 200,000 of these people work full-time while 240,000…
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please resubmit…
Q: According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6…
A: Hi! thanks for the question but as per the guidelines, we can answer up to three subparts at one…
Q: suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by…
A: c) If 20,000 workers shift to the underground economy and report themselves to be unemployed, then…
Q: The country of Bada has collected the following information: Population (working age).…
A: Labor force=employed+unemployed =180,000+30,000=210000 Unemployment rate=Number of unemployed/labor…
Q: This question is based on the following information about Rugrats: (The data below represents only…
A:
Q: Category Total population Less than 16 years of age Over 65 years of age Institutionalized 15…
A: The workforce participation rate is the quantity of people in the workforce as a level of the…
Q: Question 28 Which of the following individuals would NOT be considered part of the labor force? Oa)…
A: People who are willing and able to work and are a part of any organization are considered to be…
Q: Not in labor force Men 45 million Women 35 million Unemployed Men 5 million Women 5 million…
A: In this question:- Men Women Not in labor force 45 million 35 million Unemployed 5…
Q: 8. Using the following data, total population 900 million, population under 16 years of age or…
A: Unemployment is basically refers to that Situation when people are actually not getting job in the…
Q: Population (working age). 240,000 Employed 180,000 Unemployed 30,000…
A: Working age population, employed individuals and unemployed individuals, that all are needed to…
Q: Which of the following people would not be counted in the labor force? A) A man who is in jail. B)…
A: Labour force usually talks about those kind of people or includes those people, who are currently…
Q: Use the following data to calculate: 1) the labour force participation rate 2) the official…
A: please find the answer below.
Q: The following is a report from a BLS survey taker: There were 95 people in the houses I visited 22…
A: Unemployment rate is the percent of the labor force that is currently unemployed and are actively…
Q: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…
A: In the labor force disguised unemployed are not included. Where disguised unemployed is one who is…
1. Using the following data calculate:
|
987,156 Currently Working |
23,000 volunteer workers |
|
9845 (ages 13-14) looking for work |
12,000 (ages 15) looking for work |
|
45,600 Part-Time workers |
56 family workers who worked 15 hours a week |
|
234 Self-Employed |
6543 discouraged workers |
|
67,432 (ages 23-25) looking for work |
67,890 laid off receptionists looking for work |
|
544,321 (ages 16-20) looking for work |
Current population is 6,000,000 |
|
5654 Temp Workers |
5000 armed forces |
|
543 recent university graduates that are going back to graduate school |
3500 institutionalized |
(i) The number of persons employed.
(ii) The number of persons unemployed.
(iii) The labour force.
(iv) The Labour Force Participation rate.
(v) The “official”
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- 987,156 Currently Working 9845 (ages 13-14) looking for work 45,600 Part-Time workers 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work 5654 Temp Workers 543 recent university graduates that are going back to graduate school 23,000 volunteer workers 12,000 (ages 15) looking for work 56 family workers who worked 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work Current population is 6,000,000 5000 armed forces 3500 institutionalized Suppose that 20,000 of the employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not working and not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unemployment rate987,156 Currently Working 9845 (ages 13-14) looking for work 23,000 volunteer workers 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hrs a week 6543 Discouraged Workers 67,890 laid off receptionists looking for work 234 Self-Employed 67,432 (ages 23-25) looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 543 recent university graduates that are going back to graduate school 5000 armed forces 3500 institutionalized 3 (c) Suppose that 20,000 of the employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not working and not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unemployment rate. (d) Illustrate and carefully explain the impact of an increase in the income tax rate from 25 percent to 35 percent on the demand…Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (c) suppose that 20,000of tghe employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not workingnand not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unnemployment rate. (d) Illustrate and carefully explain the impact of an increase in the…
- Using the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (i). The number of persons employed. (ii). The number of persons unemployed. (iii). The labour force. Type answer pleaseUsing the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (iv) The labour force Participation rate (v). The "official" unemployment rate Type answer pleaseQuestion 4 Assume there are only 6 counties in a country, and there are only three industries (beer, bread and shirts) that employ people. The employment numbers are given in the Table below: Employment Beer Employment Bread Employment Shirts 200 County 1 County 2 County 3 County 4 County 5 County 6 4 45 10 6 12 120 10 10 60 10 16 10 20 12 2 60 12 Calculate the ELQS for the following county and industry combinations: (a) Beer in County 2 (b) Bread and County 6 (c) Shirts and County 2
- 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized a. Using the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate.987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part-Time workers 56 family workers who worked 15 hours a week 234 Self-Employed 6543 discouraged workers 67,432 (ages 23-25) looking for work 67,890 laid off receptionists looking for work 544,321 (ages 16-20) looking for work Current population is 6,000,000 5654 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized a. Using the following data calculate: (i) The Labour Force Participation rate. (ii) The “official” unemployment rate.using the data below calculate 4. the labour force participation rate 5. the official employment rate currently working 23,000 volunteer workers 9845(ages 13-14) looking for work 12,000 (ages 15)looking for work 45,600 Part-time workers 56 family workers who worked 15 hrs a week 234 self-employed 6543 discouraged workers 67,432(ages 23-25)looking for work 67,890 laid off receptionists looking for work 544,321(ages 16-20) looking for work) current population is 6,000,000 5654 Temp workers 5000 armed forces 543 recent university graduatesthat are going back to graduate school 3500 institutionalized
- Use the graph to answer the following question. Median Annual Earnings of Full-Time, Year-Round Workers Ages 25-34, by Educational Attainment: 2019 Delars S0.000 0.000 S70.000 70.000 S50,700 60.000 $55,700 S0.000 $44700 S31,700 $40.000 40,000 S35.000 $29,300 30.000 20.000 10.000 Some college, no degree Assodale's degree Bachelor degree Masters or higher degree Al educational Less than High school completion Total ettainment levels high school completion Bachelor's or higher degree Educational atainmest Which of the following statements is supported by the information in the graph? O A. High school graduates earn an average income. B. Investing in education leads to a higher standard of living. O. C. Education has little impact on the earnings of workers. O D. The costs of post-secondary education are greater than the benefits. 7 8 9. 4. W e m b n altCan you define workforce participation rate?Question 10 (1 point) Saved Quantity of Labor Supplied Wage Total Cost of Labor Marginal Cost of Labor Marginal Revenue Product 50 $10 $500 $10 $30 100 $12 $1200 X $25 150 $15 $2250 $21 $21 200 $18 $3600 $27 $18 250 $20 $5000 $28 $15 Use the labor market data for a monopsony employer above. Find the wage and quantity of labor the firm will hire. Question 10 options: $12; 100 $25; 100 $15; 150 $21; 150