Question: can u. help? The data in this table is used in questions 1-6. Category Millions discouraged workers 1.70 workers who are part time but want

can u. help?

can u. help? The data in this table is used in questions1-6. Category Millions discouraged workers 1.70 workers who are part time butwant full 6.50 time marginally attached workers 10 frictionally unemployed 4 structurallyunemployed 6 unemployed 15 employed population 16 and above total population What

The data in this table is used in questions 1-6. Category Millions discouraged workers 1.70 workers who are part time but want full 6.50 time marginally attached workers 10 frictionally unemployed 4 structurally unemployed 6 unemployed 15 employed population 16 and above total population What it the "headline" unemployment rate (ofcially known as U-3? As the "headline" name implies, this is the most common measure of unemployment. For this question and the ones that followl please enter your answer as a percent, but without the percent symbol in your answer. That is. if you calculated it to be 50%, you would enter 50 in the box (and not .5). Please note the lack of the percent symbol. 8.3 Question 2 2 pts What is the value of U-6, sometimes called the "underemployment rate" or a "broad measure of unemployment?" Also, don't forget to type in the percent without the percent symbol. Say that you calculated this to be 25% then you would enter 25. What is the labor force participation rate? 96.8 Question 4 2 pts What is the value of the natural rate of unemployment? Question 5 2 pts How many are unemployed for non-economic reasons? This Is not a percent, like the above. Instead, enter the value in millions. For example, if there were 1,00,000 unemployed for non-economic reasons, you would enter 1. %_ Question 6 2 pts How many people are cyclically unemployed? Like the previous question, enter the number in millions. Question 7 3 pts Consider an adult who lost their job due to their skills not being current and they are looking for a job. The economy is in an expansion. Which of the following categories would they be in? There may be more than one. O a discouraged worker O working part time but wants full time work marginally attached structurally unemployed unemployed employed O population aged 16 and above O total population O cyclically unemployed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!