The table below shows labor data for a country named Zhouland. Answer the following questions: Age (years) Have a full time job Have a part time job Don't have a job but are looking for one Don't have a job and are not looking for one Total <10 150 150 10-15 135 135 16-20 120 30 75 80 305 21-30 20 50 25 20 115 31-50 80 100 55 40 275 51-70 250 50 150 100 550 >70 60 40 30 170 300 [a] What is the size of the labor force in the above economy? [b] Calculate the unemployment rate for this economy - up to 2 decimal points. [c] Calculate the employment rate for this economy - up to 2 decimal points.

The table below shows labor data for a country named Zhouland. Answer the following questions: Age (years) Have a full time job Have a part time job Don't have a job but are looking for one Don't have a job and are not looking for one Total <10 150 150 10-15 135 135 16-20 120 30 75 80 305 21-30 20 50 25 20 115 31-50 80 100 55 40 275 51-70 250 50 150 100 550 >70 60 40 30 170 300 [a] What is the size of the labor force in the above economy? [b] Calculate the unemployment rate for this economy - up to 2 decimal points. [c] Calculate the employment rate for this economy - up to 2 decimal points.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter32: Macroeconomic Policy Around The World

Section: Chapter Questions

Problem 23CTQ: Demography can have important economic effects. The United States has an aging population. Explain...

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Question 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
Three employees processed 600 insurance policies last week. They worked 8 hours per day, 5 days per week. What is the labor productivity?
What is a labor union? What is the percentage of the labor unions in our economy during 2020? Name three labor unions that exist in today's economy.
what are the five main things you would do to recruit and retain a more diverse workforce?
Complete the table: Number of Workers per Day Movie Tickets Produced per Day Average Product Marginal Product Average Price of Movie Tickets Total Value Product Average Value Product Marginal Value Product Price of Worker per Day 0 0 $10.00 $120.00 1 227 $10.00 $120.00 2 615 $10.00 $120.00 3 935 $10.00 $120.00 4 1,185 $10.00 $120.00 5 1,427 $10.00 $120.00 6 1,631 $10.00 $120.00 7 1,788 $10.00 $120.00 8 1,800 $10.00…
a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1981, 1986, 1999 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year 1981 1986 1999 Pop Number 1979 2205 2012 Number Number 2855 LF 876 879 Number 1883 E 839 818 Number Number U 37 61 55 Number UR Number 6.94 5.802 Number PR Number 39.864 Number 42.65 Number ER b. Using the above table, what is the new unemployment rate in 1986 if 20 thousand unemployed…
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Productivity growth and hourly compensation growth, 1948-2020 Cumulative change since 1948 (index 1979-100) 200% 1948-1979: 1979-2020: Productivity: +118.4% Productivity: +61.8% Compensation: +107.5% Compensation: +17.5% 161.8% 150 100 50 Chart Data 0 1960 1980 2000 117.5% 2020 Notes: Data are for compensation (wages and benefits) of production/nonsupervisory workers in the private sector and net productivity of the total economy. "Net productivity" is the growth of output of goods and services less de- preciation per hour worked. The figure above indicates that: O Increases in union membership increased income inequality during the 1950s and 1960s. O Capitalists broke the law during the 1980s by paying workers less than the value the workers produced. Income inequality increased significantly during the 1948-1979 period. The wage share of income has been decreasing significantly since about 1980.
a. The following table shows some labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Tables14-10-0287-01). The columns are the population of that sub-groups (Pop), the labour force (LF), the employment (E), the unemployments(U), the unemployment rate (UR), the participation rate (PR) and the employment rate (ER). The first four columns are in thousands of individuals and the last three in percentage. Fill the empty cells. Round your answers to the nearest first decimal using the same measurement units. Labour characteristics for a sub-group of the Canadian population in 1998, 2006, 2009 and 2012 (Statistics Canada, Table 14-10-0287- 01) Year Pop LF U UR PR ER 1998 10040 8171 7467 704 Number Number Number 2006 11060 9076 8482 594 6.545 82.061 76.691 2009 11413 Number Number 904 9.692 Number Number 2012 Number 9514 Number Number Number 81.316 74.94 b. Using the above table, what is the new unemployment rate in 2006 if 20…
why impact Labour force to Secondary education in a country
11. Complete the below table. Labor Units TP 0 1 5 10 25 50 80 100 118 135 151 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 166 180 193 205 216 226 235 243 250 256 261 265 268 270 271 MP AP TC 0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 9000 9500 10000 10500 11000 11500 12000 12500 MC AC D

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Age (years)	Have a full time job	Have a part time job	Don't have a job but are looking for one	Don't have a job and are not looking for one	Total
<10				150	150
10-15				135	135
16-20	120	30	75	80	305
21-30	20	50	25	20	115
31-50	80	100	55	40	275
51-70	250	50	150	100	550
>70	60	40	30	170	300