. 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
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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”
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- 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 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 institutionalized987,156 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.
- Can you define workforce participation rate?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 altCategory Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Total Population Looking for work Number of people (millions) 14 113 40 20 27 314 12 Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.) %