Question

In: Economics

if a country had an adult population (those 15 years of age and over) of 200...

if a country had an adult population (those 15 years of age and over) of 200 million

and a labor force of 160 million, and 140 million people were employed, what would be

its labor force participation rate and its unemployment rate?

b. If 20 million new jobs were created in the country and it attracted to the labor

force 20 million of the people who were previously not in the labour force, what would

be its new labour force participation rate and its unemployment rate?

c. Beginning from the situation in (a), if 10 million unemployed people became

discouraged and stopped looking for work, what would be the country’s new labour

force participation rate and its unemployment rate?

d. Beginning from the situation in (a), if 1 million refugees enter the economy as

residents where only 20% of these become employed as workers while the rest decides

not to look for a job what is now the new population, labour force, employed population

and the corresponding new labour force participation unemployment rates?

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

if a country had an adult population (those 15 years of age and over) of 200...
if a country had an adult population (those 15 years of age and over) of 200 million and a labor force of 160 million, and 140 million people were employed, what would be its labor force participation rate and its unemployment rate? b. If 20 million new jobs were created in the country and it attracted to the labor force 20 million of the people who were previously not in the labour force, what would be its new labour force...
In a certain country, 15% of the female adult population smoke regularly. In a random sample...
In a certain country, 15% of the female adult population smoke regularly. In a random sample of 1,000 adults, what is the probability that: a) Less than 125 are smokers? Use the normal approximation to the binomial. b) 150 or more are smokers? Use the normal approximation to the binomial. c) Find answers to (a) and (b) using the binomial distribution and R. Copy and paste the code and the answer into your document.
Unemployment Question The small country of Macroland has a population of 100,000 people over the age...
Unemployment Question The small country of Macroland has a population of 100,000 people over the age of 18 and under 65. There are 50,000 people under the age of 18, and 20,000 people over the age of 65. The number of people between ages of 18 and 65 that are looking for jobs is 20,000, and the number that have jobs is 50,000. Using this information, answer the following questions. Show your work. These are numbers for the month of...
In​ 2013, Country A had a population aged 16 and over of 35​ million, a labour...
In​ 2013, Country A had a population aged 16 and over of 35​ million, a labour force participation rate of​ 70%, and an unemployment rate of​ 8%. In​ 2014, the population rose by​ 1%, the number of new entrants was 50​ 000, the number of employed habitants remained​ unchanged, and the unemployment rate decreased to​ 7.0000033%. What was the total number of dropouts and retirements in​ 2014?
A country has a population if 10,000 of this population 1,000 are below the age of...
A country has a population if 10,000 of this population 1,000 are below the age of 16, 2000 have given up looking for work, 700 are unemployed but but looking for work, 2500 work part time and the remaining are unemployed. A. What is the unemployment rate? B. What is the labor participation rate? C. What is the adult population? D. Suppose workers the workers who had given up looking for work decide to start working again, what is the...
Suppose the Australia Bureau of statistics reported in May 2018 that the population age 15 years...
Suppose the Australia Bureau of statistics reported in May 2018 that the population age 15 years to 65 years in Australia comprised the following categories: 14 million employed; 900,000 unemployed and the total population was 19 million. 1) What was Australia’s labour force that was not employed 2017 2) Calculate Australia’s population not included in labour force 3) Calculate Australia’s unemployment rate 4) Define demand pull inflation
What is the age distribution of adult shoplifters (21 years of age or older) in supermarkets?...
What is the age distribution of adult shoplifters (21 years of age or older) in supermarkets? The following is based on information taken from the National Retail Federation. A random sample of 895 incidents of shoplifting gave the following age distribution. Estimate the mean age, sample variance, and sample standard deviation for the shoplifters. For the class 41 and over, use 45.5 as the class midpoint. (Round your answers to one decimal place.) Age range (years) 21-30 31-40 41 and...
The data in the following table are for a country: Age of a woman Female population...
The data in the following table are for a country: Age of a woman Female population Number of births Standard population 15-19 593262 36784 329546 20-24 587076 81213 124466 25-29 505362 65236 112438 30-34 424186 37500 106239 35-39 385749 17532 103951 40-44 325105 4929 110835 45-49 266575 512 112525 Find (i) General fertility rate, (ii) Age-specific fertility rates, (iii) Total fertility rate, (iv) Cumulative fertility rate, (v) Standardized general fertility rate.
Thailand, Vietnam, and China have had a fast population increase over the last 10 years. It...
Thailand, Vietnam, and China have had a fast population increase over the last 10 years. It is expected that the growth will continue over the next 10 years. Therefore, many food companies that want to build new restaurants in these countries. McDonald's is no exception. The director of planning for McDonald's wants to study adding more restaurants in these countries. He believes there are two main factors that indicate the amount families spend on Food. The first is their income...
Consider a country with 500 adult population in 2018. Suppose in the year 2018, the labor...
Consider a country with 500 adult population in 2018. Suppose in the year 2018, the labor force participation rate is unknown but the employment rate is 60%. Suppose further that in the year 2019, the labor force participation is 75%, and the employment rate is 80%. If the labor force participation rate increased from 2018 to 2019 and the total number of people unemployed remained the same, what must be true of the total adult population size in 2019? (a)...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT