Define labour force and unemployment rate

Assignment Help Macroeconomics
Reference no: EM132786612

1. (a) Show how the adult population (age 15 and over) can be divided into four different groups in a diagram according to age and labour market characteristics.

(b) Define labour force and unemployment rate based on the groups defined in part (a).

(c) Use numerical examples to demonstrate how the discouraged worker effect and the added worker effect influence the unemployment rate such that it may not accurately reflect job market conditions.

(d) Explain why life is harsh when employment rate and unemployment rate add up to 100%.

(e) Discuss two major events that influence not only the female labour force participation rate, but also the male labour force participation rate.

Reference no: EM132786612

Questions Cloud

Should grandpa job be outsourced : Should Grandpa's job be outsourced? Why or why not?
Current job of interest to you : Assume you are going to look for a current job of interest to you. Utilize broad websites such as Job.com, Yahoo! HobJobs, Monster, Taleo,
Compute the economic value added for Division X : Division X has operating income of $1.5 million and uses $10 million of capital. Compute the economic value added for Division X
Why is a certain type of literature used : Why is a certain type of literature used? What must you include in a literature review? How do you find the information for a literature review?
Define labour force and unemployment rate : Define labour force and unemployment rate based on the groups defined in part (a).
Explain what is a saddle point : State reasons why/how this game can be described as a two-players-zero-sum game - Fox has ordered a geological survey and, based on the report from the survey
Determine the effect of these strategies on the market price : The company is considering several business strategies and wishes to determine the effect of these strategies on the market price per share of its stock
Describe how the passage of ancsa was contingent : The Alaska Native Regional Corporations (ANCSA) and the Native corporation system have been good for Alaska Natives. ANCSA and the Native corporation system.
Trump administrations china tariff policy : In the Milton Freedman video this week, the Nobel prize winning economist comments (paraphrasing) "Why should the US object

Reviews

Write a Review

Macroeconomics Questions & Answers

  What are the categories of expenditure in calculating gdp

What are the categories of expenditure in calculating GDP? Which is the largest?

  Assume the consumption function is given by c20005y-t and

assume the consumption function is given by c2000.5y-t and the investment function is i1000-200r where r is in percent.

  Find out the price of product and profitable bundling price

A profit maximizing firm produces three products X, Y and Z. The firm has no costs. There are three customers 1, 2 and 3. What will be the price of each product if the firm decides to sell them separately?

  Discuss within your learning team how and why the u.s.

Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:

  Find the growth rate of total factor productivity

Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.

  State of the economy in the november 3rd election

How important is the state of the economy in the November 3rd election? And why?

  Discuss the customer membership program

A What-If Question: Grocery Retailers (Medium) In the late 1990s, many grocery supermarkets shifted from regular storewide sales to issuing membership.

  Fluctuate with the real gdp

What type of stabilizing fiscal policies arise because tax revenues and outlays fluctuate with the real GDP

  What is the current state of the us economy

What is the current state of the US economy? What are some of the major factors contributing to the current state of the economy? Cite key relevant statistics and economic indicators.

  Advantages-disadvantages of financing an expansion

What are the advantages/disadvantages of financing an expansion with debt rather than equity? Does this change if you are financing a replacement project?

  Expected rate of return for this investment

If you are investing $500,000 today in a company that is promising to pay $1,000,000 at the end of 20 years, what is your expected rate of return for this investment?

  Terms of trade and calculate the gains from trade

Answer the next three questions on the basis of the following production possibilies data for Francia and Galacia. All data are in tons.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd