Country A has a population of 250 million. All of the citizens are over the age of 18. Moreover, 100 million citizens go to college and choose not to work. 20 million citizens are looking for jobs, but they cannot find one. The rest are employed. Which of the following statements is true? Choice 1 of 4:The Labor Force participation rate and the unemployment rate are equalChoice 2 of 4:None of these choices are trueChoice 3 of 4:The Labor Force participation rate is lower than the unemployment rateChoice 4 of 4:The Employment rate is 42%
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Country A has a population of 250 million. All of the citizens are over the age of 18. Moreover, 100 million citizens go to college and choose not to work. 20 million citizens are looking for jobs, but they cannot find one. The rest are employed. Which of the following statements is true?
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- Canada has an employment insurance program (El) that provides income for those out of work. In this framework unemployment is a) still a problem because the employment insurance program provides only eligible unemployed persons with a small amount of funds that may not even be enough to cover their basic needs. Moreover the unemployed workers are sitting idle, not producing goods and services for consumption. b)not a problem because the employment insurance program is available to all workers in all occupations and provides sufficent funds to cover all of the worker's needs until they find another job. Moreoever there are enough goods and services available for consumption even if some workers sit idle. c)not a problem because the employment insurance program covers more than 70% of Canadian workers and this provides enough of the unemployed enough funds to cover their basic needs until they find another job. d)still a problem because the employment insurance program is not available…According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6 million. The adult population over the age above 15 years was reported to be about 21.3 million and the labour force is 16.5 million. The population employed was about 13.4 million. Following this information; What is the population of the people that is not included in the labour force? Show your work Calculate the percentage of the people employed and the unemployment rate in Australia. Show your work. Currently unemployment has increased in Australia. What are the 2 main causes of increasing unemployment in Australia. Your answer should be based on the case study used during this trimester and current events.The labor force is made up of all people who are at least 16 years old and are capable of working. TRUE OR FALSE?
- An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 have one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. Calculate the labor force and the labor-force participation rate. Calculate the number of unemployed and the unemployment rate. Calculate total employment in two ways: as measured by the household survey and as measured by the establishment survey.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 rateAccording to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6 million. The adult population over the age above 15 years was reported to be about 21.3 million and the labour force is 16.5 million. The population employed was about 13.4 million. Following this information; What is the population of the people that is not included in the labour force? Show your work. Calculate the percentage of the people employed and the unemployment rate in Australia. Show your work. Currently unemployment has increased in Australia. What are the 2 main causes of increasing unemployment in Australia. Your answer should be based on the case study used during this trimester and current events events. Examine the causes of at least two (2) main types of inflation
- According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6 million. The adult population over the age above 15 years was reported to be about 21.3 million and the labour force is 16.5 million. The population employed was about 13.4 million. Following this information; What is the population of the people that is not included in the labour force? Show your work.i. According to Australia Bureau of Statistics, in 2020 the population of Australia is about 25.6 million. The adult population over the age above 15 years was reported to be about 21.3 million and the labour force is 16.5 million. The population employed was about 13.4 million. Following this information; a. What is the population of the people that is not included in the labour force? Show your work. ANSWER: b. Calculate the percentage of the people employed and the unemployment rate in Australia. Show your work. ANSWER: c. Currently unemployment has increased in Australia. What are the 2 main causes of increasing unemployment in Australia. Your answer should be based on the case study used during this trimester and current events events. ANSWER: ii. Examine the causes of at least two (2) main types of inflation ANSWER:Suppose you are the governor of Country A and you have observed some changes in your country. Identify the likely impact on Country A with the economic concepts we have discussed in this course. i. Establishment of more labour unions in many industries in the country ii. A widespread of global pandemiciii. An abolishment of minimum wage lawiv. Much more educated workers than a decade before How would the unemployment rate be affected in each of the above cases? Identify the specific type of unemployment (frictional, structural or cyclical unemployment) affected in each case. i. An earthquake destroying many factories and roads in the country ii. A removal of restrictions on foreign workers working in the country iii. Reaching a trade agreement with many other countriesiv. An occurrence of hyperinflation in the country How would the long run economic growth of the country be affected in each of the above cases? Briefly explain your answers.
- Suppose a small island nation, called Econland, has a population of 100,000 people. The labor force consists of 60,000 people, out of which 55,000 are employed and 5,000 are unemployed. Calculate the following economic indicators for Econland: Unemployment Rate Labor Force Participation RateEmployment Rate Population Growth Rate (Assuming the previous year's population was 95,000): Round your answers to the nearest two decimal places.A country has a total population of 500 people. Of those, 50 are under the age of 16 or institutionalized. 100 are retired. The rest are in the labor force. Of those in the labor force, 25 are part-time workers that would like to be working full time. There are 30 unemployed workers. What is the unemployment rate (rounded to the nearest whole percentage point)?How many missing jobs (a FRED question): Suppose the U.S. unemploymentrate in October 2009 had been 6% instead of 10.0%. How many more peoplewould have been working (assuming the labor force remained the same)?