What is the labor-force participation rate

Assignment Help Econometrics

Reference no: EM131298853

Consider a country with 300 million residents, a labor force of 150 million, and 10 million unemployed. Answer the following questions:

a. What is the labor-force participation rate?

b. What is the unemployment rate?

c. If 5 million of the unemployed become discouraged and stop looking for work, what is the new unemployment rate?

d. Suppose instead that 30 million jobs are created, attracting 20 million new people into the labor force. What would be the new rates for labor-force participation and unemployment?

Reference no: EM131298853

Questions Cloud

Do you agree or disagree with given : "Organizations should be able to hire employees without government interference."- Do you agree or disagree? What do you think would happen if organizations could do this?

Nonpecuniary cost of legislation : Based on this information, what would be the nonpecuniary cost of legislation that would place a $1.50 cap on the fees banks can charge for noncustomer transactions?

Read the table of contents of the two books : Read the table of contents of the two books, Simulation of Communication Systems by Jeruchim, Balaban, and Shanmugan, and Simulation Techniques by Gardner and Baker.

Recreational marijuana in colorado : What are the economic impacts of recreational marijuana in Colorado?

What is the labor-force participation rate : Suppose instead that 30 million jobs are created, attracting 20 million new people into the labor force. What would be the new rates for labor-force participation and unemployment?

Displays the contents of the board array : Displays the contents of the board array. Allows player 1 to select a location on the board for an X. The program should ask the user to enter the row and column number (or can use another suitable method for move selection).

Summarize given tutorial articles dealing with simulation : Read and summarize the following tutorial articles dealing with simulation:- W. H. Tranter and K. L. Kosbar, "Simulation of Communication Systems," IEEE Communications Magazine, July 1994, pp. 26-36.

What will happen to per capita gdp : What is the labor-force participation rate in Adirolf?For questions c through f: assume that 15 million Adirolfian homemakers begin seeking jobs and that 10 million find jobs.

Efficiency of tax system and the equity of tax system : Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

User Account

All Pages