In a hypothetical economy, the employment is 100 million, and there are 15 million people unemployed. How large is their labor force? 1) 100 million people O2) 15 million people 3) 115 million people 4) 85 million people
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- Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people losetheir jobs and remain unemployed for exactly one month; one month later, they find new jobs andbecome employed. In addition, on January 1 of each year, 20 people lose their jobs and remainunemployed for six months before finding new jobs. Finally, on July 1 of each year, 20 people lose theirjobs and remain unemployed for 6 months before finding new jobs.1. What is the unemployment rate in this economy in a typical month?2. What fraction of unemployment spells lasts for one month? What fraction lasts for six months?3. What is the average duration of completed spell of unemployment?4. On a particular date, what fraction of the unemployed are suffering a long spell (six months) ofunemployment? plz solve part 4 ? Thanks.Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent.a. What is the size of the labor force?b. How many people are unemployed?c. What is the size of the working-age population?Supposethe number of employed people in an economy is121,166,640. The unemployment rate in this economy is10.4 percent, and the labor force participation rate is72.5 percent. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?
- Scenario: Consider Country A with a population of 2 million people. In Country A, there are 1.5 million people employed; 0.3 million younger than 18, in school or retired; 0.1 million voluntarily unemployed; and 0.1 million people officially unemployed. Refer to the scenario above. If country A is at a labor market equilibrium, which of the following should be the only reason that a person is officially unemployed? O The person does not participate in the labor force. The person is in school and chooses not to work. O There is imperfect information between employers and workers, so the person is not able to find a job. O The person is retired.Question 1 Identify which of the following people are categorised as part of the labour force. #1 Christopher is a freelance writer working on multiple projects. # 2 Peter is a high school student who helps out at his mother's restaurant. # 3 Anna serves in the military force for her country. #4 Susan is a stay at home parent who sometimes helps her neighbours with lawn mowing. However, she does not want to find a full-time job. Next > MacBook Air O00 000 F415. Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or.104, and the labor force participation rate is 72.5 percent, or .725. &. What is the size of the labor force? b. How many people are unemployed? s What is the size of the working-age population? toTTATR
- 3. What does it mean to be out of the labour force? Explain in detail.Galaxy, a multinational corporation, has two plants, one in the United States and the other inMexico, and it cannot change the size of the plants or the amount of capital equipment in theshort run. The wage in Mexico is equivalent to US $5 per hour. The wage in the U.S. is $25 perhour. Given current employment situation, the productivity per worker in Mexico is 200 units perhour, and the productivity per worker in the U.S. is 400 units per hour.Is Galaxy maximizing output relative to its labor cost? If not, what should Galaxy doDard Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3 95,000 people 5,000 реоple 80,000 people Employed Unemployed Not in the Labor Force Refer to Table 22.3. The labor force equals Lütfen birini seçin: OA 95,000 people. ов 80,000 реоple. ОС 85.000 реople OD 180,000 people OE 17.000 people.
- In macroeconomics, we imagine that there is one large labor market. What does that market determine? A. The real wage rate and the quantity of labor employed B. The money wage rate and the price level C. The quantity of labor employed and the price level D. The money wage rate and the quantity of real GDP producedIn macroeconomics, we imagine that there is one large labor market. What does that market determine? A. The real wage rate and the quantity of labor employed B. The money wage rate and the price level C. The quantity of labor employed and the price level D. The money wage rate and the quantity of real GDP produced thanksWhich of the following statements about labor force participation and education are correct: O a. Women with less than a high school diploma are most likely to be in the labor force O b. Women with advanced degrees (masters, PhD, professional degrees) are more likely to be in the labor force than women with just high school degrees O c. Men with high school degrees are more likely to be in the labor force than men with doctoral degrees O d. Women with masters degrees are more likely to be in the labor force than men with masters degrees.