please classify the given groups of people as either employed, unemployed, or not in the labor force.

get please classify the given groups of people as either employed, unemployed, or not in the labor force. from EN Bilgi.

Solved Classify the following groups of people as either

Answer to Solved Classify the following groups of people as either

© 2003-2022 Chegg Inc. All rights reserved.

Source : www.chegg.com

EC CH 11.docx

View EC CH 11.docx from ECON 175 at Orange Coast College. CH 11 1. Please classify the given groups of people as either employed, unemployed, or not in the labor force. -Employed: those who worke

EC CH 11.docx - CH 11 1. Please classify the given groups...

Orange Coast College

ECON 175 ava.smt 5 100% (1)

This preview shows page 1 - 2 out of 5 pages.

CH 111. Please classify the given groups of people as either employed, unemployed, or not in the laborforce.

Get answer to your question and much more

Not in the labor force: people in prison, retires, mental , actively hooked, military, student,homemaker,2..The overall population for Region A is96million people. The labor force contains40millionpeople,29million people are employed, and11million are unemployed. What is theunemployment rate? Round your answer to the nearest whole number.

Get answer to your question and much more

3. After a financial crisis hits the country of Barbaria,9million people become unemployed. If25million individuals are lucky enough to keep their jobs, what is the unemployment rate?Please specify your answer to two decimal places.

Get answer to your question and much more

4.he table shows employment statistics for a fictional country. Use the information to answer thequestions. Round your percentages to two decimal places.

Get answer to your question and much more

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 5 pages?

Upload your study docs or become a

Course Hero member to access this document

Term Spring Professor N/A Tags Unemployment Report

Students who viewed this also studied

Students who viewed this also studied Related Q&A

Bookmarked 0 Recently viewed

ECON 175 EC CH 11.docx Viewing now

Interested in EC CH 11.docx

?

Bookmark it to view later.

Other Related Materials

Other Related Materials

Source : www.coursehero.com

ECON 202 Ch 11 HW: Unemployment and Labor Force Participation Flashcards

Macroeconomics Learn with flashcards, games, and more — for free.

ECON 202 Ch 11 HW: Unemployment and Labor Force Participation

Please classify the given groups of people as either employed, unemployed or not in the labor force.

1. people temporarily away from their jobs due to illness

2. people in prison

3. people temporarily away from their jobs due to vacation

4. those who worked during the previous week

5. full-time home-makers

6. retirees who neither have a job nor are looking for a job

7. mental patients confined in institutions

8. people in active military service

9. people who do not have a job but actively looked in the last four weeks

10. full-time students

11. people who actively looked for a job during the last 12 months, but not the last four weeks

Click card to see definition 👆

Click again to see term 👆

The overall population for Region A is 110110 million people. The labor force contains 4949 million people, 2626 million people are employed, and 2323 million are unemployed. What is the unemployment rate? Round your answer to two decimals.

Click card to see definition 👆

Click again to see term 👆

1/11 Created by kearagolden1PLUS Macroeconomics

Terms in this set (11)

Please classify the given groups of people as either employed, unemployed or not in the labor force.

1. people temporarily away from their jobs due to illness

2. people in prison

3. people temporarily away from their jobs due to vacation

4. those who worked during the previous week

5. full-time home-makers

6. retirees who neither have a job nor are looking for a job

7. mental patients confined in institutions

8. people in active military service

9. people who do not have a job but actively looked in the last four weeks

10. full-time students

11. people who actively looked for a job during the last 12 months, but not the last four weeks

The overall population for Region A is 110110 million people. The labor force contains 4949 million people, 2626 million people are employed, and 2323 million are unemployed. What is the unemployment rate? Round your answer to two decimals.

Which of the factors would decrease the rate of frictional unemployment?

a. the advent of the Internet, which makes finding available jobs easier

b. increased short-term unemployment benefits

c. an increase in the number of jobs available due to an increase in GDP

d. improvements in technology that make skills which were once valued by employers obsolete

When the economy is doing well, a significant share of unemployment is frictional.

a. true b. false

Which of the choices is the best example of creative destruction?

a. In the past month, there were 20,000 layoffs but 22,000 new hires.

b. The prime minister signs into law that the minimum wage will go down by 50 cents.

c. A chemical plant decides to use a new process in their reactions, which after combustion results in large amounts of pink smoke being emitted to the nearby town and consequent fires in the chemical plant.

d. An antitrust suit is filed in court against a monopolist.

The typewriter industry goes bankrupt and lays off all its workers. In sharp contrast, the burgeoning electronic word processing industry hires 10,000 workers that same year. This type of unemployment resulting from the shift in industries would best be categorized under

Source : quizlet.com