Solved

Answer the Questions Below

Question 214

Essay

Answer the questions below:
(A)Fill in the table below showing how many people were employed at the midpoint of each decade. Answer the questions below:  (A)Fill in the table below showing how many people were employed at the midpoint of each decade.    (B)Suppose the projection for the working-age population in the year 2005 is 153 million. If the unemployment rate and the labor force participation rate are the same in 2005 as they are in 1995, how much employment will there be? (C)Using the same projection of 153 million for working-age population in 2005, calculate the employment with an unemployment rate of 7.2 percent and a labor force participation rate of 60 percent. Do the same for a labor force participation rate of 70 percent. Which of these estimates do you think is more realistic? Why?
(B)Suppose the projection for the working-age population in the year 2005 is 153 million. If the unemployment rate and the labor force participation rate are the same in 2005 as they are in 1995, how much employment will there be?
(C)Using the same projection of 153 million for working-age population in 2005, calculate the employment with an unemployment rate of 7.2 percent and a labor force participation rate of 60 percent. Do the same for a labor force participation rate of 70 percent. Which of these estimates do you think is more realistic? Why?

Correct Answer:

verifed

Verified

(A) blured image
(B)The unemployment rate and the l...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents