Homework SourseThe government of a small country conducts a phone survey of
The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens:
S. Potter is a career soldier in the US Army.
B. Ash lives in Arizona where there are no jobs for deep-sea divers. He does not have a job but looks for one every day. He is trained as a deep-sea diver.
S. Beech says “I don’t have a job, but I looked for one last week.” She is lying, she’s never really looked for a job, but the government doesn’t know this.
C. Chestnut voluntarily quit her job as a waitress last week, and is actively looking for a better job as a nuclear physicist, a job she has been trained for. (looked for a job yesterday).
D. Fir lost his job as a tree surgeon two weeks ago when a recession caused the company where he worked to close. He is actively looking for work. (looked for a job last week).
E. Ebony is 50 years old, has never had a job and has never looked for one.
Mr. Loon is crazy. He is institutionalized at a state mental hospital where he has a job teaching bird calls to other inmates.
Dr. Doolittle, a medical doctor, is working as a manager at Taco Bell 1 hour a week.
M. Rooney is 5 years old. He works as an actor and makes $1 million a year.
J. Seward lives in Alaska. He has not looked for a job for the past 6 months.
B. Gates voluntarily quit his job as CEO last week in order to look for a new job that would better use his skills as a talk-show host. He doesn’t have a job, but is actively looking for one.
M. Wallace is 93 years old. He works as an anchor-man for a TV network. He also works nights delivering pizza for Dominos pizza. Finally, he works once a week at the CBS Bar and Grill as a bartender.
J. Cleaver works 100 hours a week taking care of Wally and the Beav. She receives $50/week in pay.
Given the above information, calculate:
The number of unemployed people is
The number of employed people is
The labor force =
The unemployment rate is %.
and are frictionally unemployed
is cyclically unemployed.
is structurally unemployed.
The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens:
S. Potter is a career soldier in the US Army.
B. Ash lives in Arizona where there are no jobs for deep-sea divers. He does not have a job but looks for one every day. He is trained as a deep-sea diver.
S. Beech says “I don’t have a job, but I looked for one last week.” She is lying, she’s never really looked for a job, but the government doesn’t know this.
C. Chestnut voluntarily quit her job as a waitress last week, and is actively looking for a better job as a nuclear physicist, a job she has been trained for. (looked for a job yesterday).
D. Fir lost his job as a tree surgeon two weeks ago when a recession caused the company where he worked to close. He is actively looking for work. (looked for a job last week).
E. Ebony is 50 years old, has never had a job and has never looked for one.
Mr. Loon is crazy. He is institutionalized at a state mental hospital where he has a job teaching bird calls to other inmates.
Dr. Doolittle, a medical doctor, is working as a manager at Taco Bell 1 hour a week.
M. Rooney is 5 years old. He works as an actor and makes $1 million a year.
J. Seward lives in Alaska. He has not looked for a job for the past 6 months.
B. Gates voluntarily quit his job as CEO last week in order to look for a new job that would better use his skills as a talk-show host. He doesn’t have a job, but is actively looking for one.
M. Wallace is 93 years old. He works as an anchor-man for a TV network. He also works nights delivering pizza for Dominos pizza. Finally, he works once a week at the CBS Bar and Grill as a bartender.
J. Cleaver works 100 hours a week taking care of Wally and the Beav. She receives $50/week in pay.
Given the above information, calculate:
The number of unemployed people is
The number of employed people is
The labor force =
The unemployment rate is %.
and are frictionally unemployed
is cyclically unemployed.
is structurally unemployed.
The government of a small country conducts a phone survey of randomly selected households and obtains the following information from citizens:
S. Potter is a career soldier in the US Army.
B. Ash lives in Arizona where there are no jobs for deep-sea divers. He does not have a job but looks for one every day. He is trained as a deep-sea diver.
S. Beech says “I don’t have a job, but I looked for one last week.” She is lying, she’s never really looked for a job, but the government doesn’t know this.
C. Chestnut voluntarily quit her job as a waitress last week, and is actively looking for a better job as a nuclear physicist, a job she has been trained for. (looked for a job yesterday).
D. Fir lost his job as a tree surgeon two weeks ago when a recession caused the company where he worked to close. He is actively looking for work. (looked for a job last week).
E. Ebony is 50 years old, has never had a job and has never looked for one.
Mr. Loon is crazy. He is institutionalized at a state mental hospital where he has a job teaching bird calls to other inmates.
Dr. Doolittle, a medical doctor, is working as a manager at Taco Bell 1 hour a week.
M. Rooney is 5 years old. He works as an actor and makes $1 million a year.
J. Seward lives in Alaska. He has not looked for a job for the past 6 months.
B. Gates voluntarily quit his job as CEO last week in order to look for a new job that would better use his skills as a talk-show host. He doesn’t have a job, but is actively looking for one.
M. Wallace is 93 years old. He works as an anchor-man for a TV network. He also works nights delivering pizza for Dominos pizza. Finally, he works once a week at the CBS Bar and Grill as a bartender.
J. Cleaver works 100 hours a week taking care of Wally and the Beav. She receives $50/week in pay.
Given the above information, calculate:
The number of unemployed people is
The number of employed people is
The labor force =
The unemployment rate is %.
and are frictionally unemployed
is cyclically unemployed.
is structurally unemployed.
Solution
Unemployed are Ash, s beech chestnut, For, Gates as they have no jobs and are actively looking for jobs. Labour force include these 5 plus Doolittle and j cleaver who are employed. Soldiers, those in jails voluntary unemployed, children, 90 year Olds and j seward(because he is not looking actively for job) are not part of labour force
A = 5
B = 2
C = 7
D =unemployed /labour force (100)=5/7(100)=71.43
E S beech, chestnut and Gates are frictional unemployed because they are in process of moving from one job to otger
Fir is cyclically unemployed due to recession
Ash is structurally unemployed because there are no jobs for such divers
