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- Are all adults who do not hold jobs counted as unemployed?A country has a population of 160 million. Out of this population, the number of retired people is 23 million, the number of people below working age (under 16 years) is 39 million, and the number of people under different types of institutional care is 1.5 million. In this country, the number of the employed amount to 75 million people and the unemployed amount to 4 million people. Calculate the following and show your work Working-age population Unemployment rate The economic activity rate Employment rateSuppose the unemployment rate is 5%, participation rate is 80%, out of the labour force is 100 million. What is employment (in million)
- Use the following to answer questions 1-6: Working Age Population Labor Force # of Employed 1. What is the number of unemployed in year 1 in Table 6.1? (A) 60 million. (B) 5 million. 3. What is the unemployment (A) 57.1 percent. Population and labor force data Year 1 140 million 80 million 65 million 2. What is the number of unemployed in year 10 in Table 6.1? (A) 17 million. (B) 78 million. 4. What is the unemployment (A) 86.3 percent. (C) 15 million. (C) 13 million. (B) A positive relationship. (C) No relationship. (D) A negative relationship. rate in year 1 in Table 6.1? (B) 46.4 percent. (C) 18.75 percent. rate in year 10 in Table 6.1? (B) 13.7 percent. (C) 51.3 percent. 5. What is the labor-force participation rate in year 1 in Table 6.1? (A) 9.3 percent. (B) 81.3 percent. (C) 46.4 percent. 6. What is the labor-force participation rate in year 10 in Table 6.1? (A) 59.4 percent. (B) 8.1 percent. (C) 86.3 percent. Year 10 160 million 95 million 82 million (D) 75 million. (D) 65…Question 1 – Below are some hypothetical statistics for a country in September 2020. Compute the unemployment rate for that month (all figures are in thousands). Population 332,454 Working age population 260,776 Participation Rate 71.4% Employed 173,905 Question Your Answers & Calculations What is the size of the labour force in this economy? What is the unemployment rate in this economy? What is the employment rate in this economy? Suppose that 2500 of the unemployed people stop searching for work. What is the unemployment rate now? Suppose that 8,000 people migrate to Canada and start to look for work as soon as they land in the country. What happens to the unemployment rate in that case? (Assume there are no discouraged worker from the above question)Zandaland is a country with a population of 110 million. Out of this population, the number of retired people is 14 million, the number of people below working age (under 16 years) is 20 million, and the number of people under different types of institutional care is 1 million. In this country, employment amount to 55 million people and unemployment amount to 3 million people. Calculate the following and show your work: Working-age population Unemployment rate The economic activity rate Employment rate
- The population of Coukouville is 10,000. Of that number 2,000 are under 16 or institutionalized, 3,000 are not in the labor force, and 250 are currently unemployed. What is the unemployment rate in Coukouville?Question 1 – Below are some hypothetical statistics for a country in September 2020. Compute the unemployment rate for that month. Population 1, 650, 200 Working age population 1, 115,776 Participation Rate 76.2% Employed 788,221 Question Your Answers & Calculations What is the size of the labour force in this economy? What is the unemployment rate in this economy? What is the employment rate in this economy? Suppose that 5,500 of the unemployed people stop searching for work. What is the unemployment rate now? Suppose that 8,000 people migrate to Canada and start to look for work as soon as they land in the country. What happens to the unemployment rate in that case? (Assume there are no discouraged workers from the above question)Question 3 The table below gives some data on the population of Crescent Highland. Use the provided information to fill the table. YEARS 1 2 3 4 5 6 7 Population: 16 Years Older or Over (Millions) Labour Force (Millions) Employed (Millions) Unemployed (Millions) Labour Force Participation Rate Unemployment Rate Employment Rate 2000 105.0 58.9 3.3 2005 117.2 65.8 3.9 2010 137.1 78.7 4.1 2015 167.7 99.3 7.6 2020 189.2 118.8 7.0 2025 212.6 136.9 5.7 2030 232.8 139.1 14.8 2035 247.9 146.3 9.6 Note: Show the formula you used to calculate each column.
- 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” unemployment rate.Question 1 – Below are some hypothetical statistics for a country in September 2020. Compute the unemployment rate for that month. Population 1, 650, 200 Working age population 1, 115,776 Participation Rate 76.2% Employed 788,221 Suppose that 5,500 of the unemployed people stop searching for work. What is the unemployment rate now? Suppose that 8,000 people migrate to Canada and start to look for work as soon as they land in the country. What happens to the unemployment rate in that case? (Assume there are no discouraged workers from the above question)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 fullscreenExpand Transcribed Image Text 987,156 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
