Reference no: EM131002362
Suppose the number of officially classified employed persons equals 80 million people; the number of discouraged workers is 12 million people; the number of stay at home spouses is 15 million people; the number of underemployed workers is 9 million people; the number of phantom unemployed persons is 5 million people; number of officially classified unemployed persons equals 20 million people and the civilian non-institutionalized population equals 150 million people.
(a) Based on this information, calculate the official unemployment rate to the second decimal place (hundredths place). Please show how you got your answer – meaning show your work. Remember to state your answer as a percent (including the percent symbol, since without the percent symbol, your answer becomes meaningless).
(b) In one factual sentence (without any opinion of whether you think your answer is high or low), please clearly state what information your answer for the unemployment rate in (a) above tells us.
(c) Now if the number of discouraged workers were reclassified as officially unemployed persons, how would this change the reported unemployment rate?
Again make sure that your unemployment rate number is reported to the second decimal place (hundredths place). Again, please show your work and present your answer as a percent.
(d) Based on your answers for (a) and (c) above, would you say that by the Bureau of Labor Statistics not counting discouraged workers as unemployed persons, that the reported unemployment rate tends to underestimate or overestimate the unemployment situation in the country? In your explanation, you must support your answer with your numbers from your answers for (a) and (c) above.
(e) Please explain who discouraged workers represent and what is it about discouraged workers that has the reported unemployment rate either underestimating or overestimating the unemployment situation in the country
|
What are the macro- and microeconomic indicators
: What are the macro- and microeconomic indicators affecting the demand and supply forces in the development of a new office building in a suburban office location.
|
|
Oxygen minimum zone
: What accounts for the "oxygen minimum zone" located in the pycnocline.
|
|
Unemployed for frictional-structural or cyclical reasons
: For each case below, please state if the person mentioned is unemployed for Frictional, Structural, or Cyclical reasons.
|
|
Noticeable improvement in the company safety
: On the basis of this data, which shows a mean time to incident as 30.1 days for the ?rst year and 32.9 days for the second year, the company's safety coordinator is preparing to make the argument to upper management that there has been a noticeabl..
|
|
Calculate the official unemployment rate
: Suppose the number of officially classified employed persons equals 80 million people; the number of discouraged workers is 12 million people; the number of stay at home spouses is 15 million people; the number of underemployed workers is 9 million p..
|
|
What will you receive as a result
: Suppose you own 80 shares of IBM common stock when the company declares a 4% stock dividend. What will you receive as a result?
|
|
Write feasibility report on leather goods manufacturing unit
: Write a Feasibility report on Leather Goods Manufacturing Unit including below points.
|
|
Read the overview and launch t
: Read the Overview and launch this ecosystem simulator. Familiarize yourself with the simulator interface. Notice that you can control which species are present in your environment initially and what the diets of each species are. The types of species..
|
|
Horizontal axis measures the annual number of visits
: The local swimming pool charges non-members $10 per visit. Members pay $5 per visit, and an annual fee $F. Draw a diagram where the horizontal axis measures the annual number of visits, and the vertical axis measures $ spent on all other goods. Suppo..
|