1. According to the data table below, what is the unemployment rate?:
Total Population: 1,500
Population under 16 or institutionalised: 360
Not in the labor force: 450
Unemployed: 69
Workers with part-time work who want full-time: 30
A. 10%
B. 11%
C. 8.4%
D. 6.9%
E. 14%
2. According to the data table below, what is the size of the labor force?:
Total Population: 1,500
Population under 16 or institutionalised: 360
Not in the labor force: 450
Unemployed: 69
Workers with part-time work who want full-time: 30
A. 1500
B. 940
C. 1401
D. 690
E. 550
3. According to the data below, what is the size of the labor force?
Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million
A. 200 million
B. 133 million
C. 192 million
D. 125 million
4. According to the data below, what is the unemployment rate?
Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million
A. 7%
B. 5.4%
C. 10.1%
D. 6.2%
E. 6%
5. According to the data below, what is the labor-force participation rate?
Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million
A. 66.5%
B. 72.5%
C. 68.1%
D. 61%
E. 63%
6. A record player repairman who has not learned how to repair a CD and DVD technology
A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment
7. A computer programmer who quits his job to look for a better one with benefits
A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment
8. A high school dropout with few skills who has been looking for a job for months
A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment
9. A person whose job has been automated out of existence
A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment
10. A top salesman for a computer company who quit his job because he did not like the boss
A. Frictional Unemployment
B. Cyclical Unemployment
C. Structural Unemployment
D. Seasonal Unemployment
Answers:
1. I have no idea and have tried plugging in every number to get a percentage that matches the ones given
2. D
3. B
4. E
5. A
6. C
7. A
8. A
9. C
10. A
If you can tell me which ones are right that'd be great. And for the ones that are wrong can you either tell me the right answer or give me a tip to get to the right answer, please.
hey writeacher, you will really get from me one day. You are acting over smart. I will smack you.
WRONG WRONG WRONG
Here are the correct answers and explanations for each question:
1. According to the data table, to calculate the unemployment rate, we need to find the number of unemployed individuals and divide it by the labor force. The labor force is the sum of unemployed individuals and employed individuals.
Total Population: 1,500
Population under 16 or institutionalized: 360
Not in the labor force: 450
Unemployed: 69
Workers with part-time work who want full-time: 30
To calculate the labor force:
Labor force = Unemployed + Employed
Labor force = 69 + (Total Population - Population under 16 or institutionalized - Not in the labor force)
Labor force = 69 + (1500 - 360 - 450)
Labor force = 69 + 690
Labor force = 759
Now, to calculate the unemployment rate:
Unemployment rate = (Unemployed / Labor force) * 100
Unemployment rate = (69 / 759) * 100
Unemployment rate ≈ 9.09%
None of the given answer choices (A, B, C, D, E) are a match. The closest is answer choice A (10%), but that is not the exact answer.
2. According to the data table, the labor force can be calculated by adding the number of unemployed individuals and the number of employed individuals.
Total Population: 1,500
Population under 16 or institutionalized: 360
Not in the labor force: 450
Unemployed: 69
Workers with part-time work who want full-time: 30
Labor force = Unemployed + Employed
Labor force = 69 + (Total Population - Population under 16 or institutionalized - Not in the labor force)
Labor force = 69 + (1500 - 360 - 450)
Labor force = 69 + 690
Labor force = 759
Therefore, the size of the labor force is 759, which matches answer choice D.
3. According to the data, the size of the labor force is given by the sum of the employed and unemployed individuals.
Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million
Labor force = Employed + Unemployed
Labor force = 125 million + 8 million
Labor force = 133 million
Therefore, the size of the labor force is 133 million, which matches answer choice B.
4. According to the data, the unemployment rate is given by dividing the number of unemployed individuals by the labor force and then multiplying by 100.
Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million
Unemployment rate = (Unemployed / Labor force) * 100
Unemployment rate = (8 million / 133 million) * 100
Unemployment rate ≈ 6.02% ≈ 6%
Therefore, the unemployment rate is approximately 6%, which matches answer choice E.
5. According to the data, the labor-force participation rate is given by dividing the labor force by the adult population and then multiplying by 100.
Adult population: 200 million
Employed: 125 million
Unemployed: 8 million
Not in the labor force: 67 million
Labor-force participation rate = (Labor force / Adult population) * 100
Labor-force participation rate = (133 million / 200 million) * 100
Labor-force participation rate ≈ 66.5%
Therefore, the labor-force participation rate is approximately 66.5%, which matches answer choice A.
6. The record player repairman who has not learned how to repair a CD and DVD technology is an example of structural unemployment. Structural unemployment occurs when there is a mismatch between the skills of available workers and the skills required for available job positions.
So the correct answer is C. Structural Unemployment.
7. The computer programmer who quits his job to look for a better one with benefits is an example of frictional unemployment. Frictional unemployment occurs when individuals are temporarily unemployed while transitioning between jobs.
So the correct answer is A. Frictional Unemployment.
8. The high school dropout with few skills who has been looking for a job for months is an example of frictional unemployment. Frictional unemployment occurs when individuals are temporarily unemployed while transitioning between jobs.
So the correct answer is A. Frictional Unemployment.
9. The person whose job has been automated out of existence is an example of structural unemployment. Structural unemployment occurs when there is a mismatch between the skills of available workers and the skills required for available job positions.
So the correct answer is C. Structural Unemployment.
10. The top salesman for a computer company who quit his job because he did not like the boss is an example of frictional unemployment. Frictional unemployment occurs when individuals are temporarily unemployed while transitioning between jobs.
So the correct answer is A. Frictional Unemployment.
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http://www.hackcollege.com/blog/2011/11/23/infographic-get-more-out-of-google.html