A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force. What’s the unemployment rate? What share of the population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.

Q: 1. A country with a population of eight million adults has five million employed, 500,000…

A: Total Population=8 million=8,000,000 Number of People employed=5 million=5,000,000 Number of people…

Q: What is the difference between being unemployed and being out of the labor force? How do you…

A: Unemployed people are those who do not have a job, have actively sought for employment in the…

Q: What is the unemployment rate derived from these numbers?

A: Total population: 200,000 Employed: 75,900 Unemployed: 5,440 Not in labor force: 117,060 Total labor…

Q: What is the CPI in 2020?  What is the inflation rate between 2019 and 2020?

A: The measure that in turn tend to depict thechanges in the level of price of a consumer's basket of…

Q: In 2016  what percentage of the labor force was employed? what percentage of the labor force was…

A:

Q: The table shows employment statistics for a fictional country. Use the information to answer the…

A: People who are working or a have are considered employed. People who are looking for a job and are…

Q: Suppose you are a senior public servant writing a bill to index Social Security and pensions. That…

A: Inflation refers to the increase in the general price level.  Inflation decreases the value of the…

Q: Find the absolute change in unemployment rate during 2015 (from Jan 15 to Dec 15).

A: If we want to calculate the absolute change in the unemployment rate during 2015, then it can be…

Q: Using the following data calculate: (i) The number of persons employed.  (ii) The number of…

A: AS per the guidelines, we can solve only the first 3 subparts of a question

Q: Suppose the total population between the ages of 15 and 74 in an economy is 5,000,000, the labor…

A: The unemployment rate of the economy is considered one of the main macroeconomic indicators of the…

Q: Suppose that the adult population consists of 19.04 million, those not in the labour force are 7.56…

A: The labor market of the economy determines the equilibrium wage rate and the quantity of labor…

Q: A country has a population of 160 million. Out of this population, the number of retired people is…

A: Note: Since you have posted a question with multiple subparts, we will solve the first three…

Q: Refer to the following table that shows monthly data for Japan. What was the unemployment rate in…

A:

Q: What are three criticisms of the CPI?

A: CPI stands for consumer price index. CPI measures the aggregate price level in the economy. It does…

Q: Suppose an economy has 10,000 people who are not working but looking and available for work and…

A: Given:- Unemployed people(people who are not working)=10,000 People employed(or working)=90,000 To…

Q: Suppose that the number of non-institutional civilian (working age) population is 150 million. Of…

A: We are going to use a labor force definition to answer this question

Q: What is the unemployment rate of Germany for the last five years

A: The given table below shows the unemployment rate in Germany

Q: Using the following data calculate: (i) The number of persons employed.  (ii) The number of…

A: AS per the guidelines, we can solve only the first 3 subparts of a question

Q: Fill in the blanks using the number that corresponds to the correct word or phrase in the word bank…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Suppose that in January there were 6,000,000 workers in the labor force, with 5,604.000 employed and…

A: Labor force is the sum of employed and unemployed people Labor force = employed + unemployed…

Q: If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor…

A: Given: Total Population= 400,000 Labor Force= 275,000 The labor force is calculated by summation of…

Q: What are two issues with the unemployment rate in any given area?

A: Let us discuss certain concepts related to unemployment rate:Employed: Those people who belong to…

Q: Why should we worry about the unemployment rate? (We know that the U.S. has an unemployment…

A: Since all are different questions, we shall answer the first question only. Please resubmit the…

Q: Why is Consumer Price Index (CPI) important to a business?

A: Consumer price index (CPI) is one of the economic tools to measure the changes in economic…

Q: What would happen to the measured unemployment rate if individuals who had previously left the labor…

A:

Q: What does the CPI in the base year equal? Explain your answer.

A: Inflation is defined as the overall increase in the price level in the economy over a period of…

Q: In an economy with an adult population of 120 million, total employment of 90 million, and…

A: A person is said to be a unemployed when he or she is unable to find job at market prevailing wage…

Q: What can be done to decrease unemployment rates?

A: The unemployment rate is derived by dividing the total number of people in the labour force by the…

Q: Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this…

A: Given: The number of employed people in an economy is = 121,166,640 The unemployment rate is = 10.4%…

Q: Employment is measured by how many people had jobs last month. True or false

A: The total labor force in the economy consists of people who are both employed and unemployed.

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Unemployment refers to the situation where a person who does not have a job but is actively looking…

Q: 25. Which of the following is the formula for calculating the unemployment rate? a. (Number of…

A: Labor force = employed+unemployed

Q: The consumer price index (CPI), is based on a typical market basket of goods?Explain how?

A: The CPI (consumer price index) measures the price change over time of a fixed and constant market…

Q: Calculate the unemployment rate for an economy using the following data: Number of employed: 154…

A: Answer is given below

Q: Suppose some country had an adult population of about 25 million, a labor-force participation rate…

A: Unemployment refers the no. of people who are willing to work at existing wage rate but are unable…

Q: Nuku has an unemployment rate of 12%. There are 10,307 people who are working or have work. How many…

A: The working class contains those took part in manual-labor occupations or industrial work, who are…

Q: What are three problems with the measurement of unemployment, and how might these problems undermine…

A: The unemployment rate receives a lot of attention in the media. The percentage of people in the…

Q: The unemployment rate dropped to 6.6 per cent in January 2022, which is lower than the pre-pandemic…

A: The expanded definition of unemployment refers to a situation when people are not looking for any…

Q: A country with a population of eight million adults has five million employed, 500,000 unemployed,…

A: The unemployment rate refers to the number of people unemployed in total labor force. It is…

Q: Discuss two limitations or drawbacks for each of the following economic indicators, explaining why…

A: The gross domestic product (GDP) refers to the market value of all the finished goods and services…

Q: Is it possible to have decrease in unemployment rate at the same time as there is less people…

A: Unemployment rate is used to estimate the actual economic growth because increased output with…

Q: What is the value of the unemployment rate in them most recent period on your graph?

A: Unemployment is an important concept in economics. It refers to the situation where an individual…