Question: Part 1(1 point) Use the table below to answer the question. Category Number of people (millions) Institutionalized 14 Full-time workers 123 Less than 16 years

Part 1(1 point)

Use the table below to answer the question.

Category Number of

people

(millions) Institutionalized 14 Full-time workers 123 Less than 16 years of age 40 Armed forces (noncivilian) 20 Part-time workers 27 Population 314 Looking for work 14

The unemployment rate is (give your answer to two decimals):

_________

Part 2(2 points)

If 4 million of those who are currently unemployed become discouraged workers, the unemployment rate will

___________. (stay the same, increase, or decrease)

The unemployment rate is now ____________ (give your answer to two decimals).

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!

Category Number of people (millions) Institutionalized 14 123 Full-time workers Less than 16 years of age Armed forces (noncivilian) 40 20 Part-time workers 27 314 Population Looking for work 12 The...

1st attempt See Hint Category Number of people millions 14 123 40 20 Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Total Population...

Category Number of people (millions) 14 123 40 Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Total Population Looking for work 20 27 314...

I NEED AN EXPERT IN MACROECONOMICS TO NSWER THIS QUESTION: Category Number of people Total population 305 Less than 16 years of age 30 Over 65 years of age 5 Institutionalized 15 Part-time workers 40...

Assignment Cases Topics: Operations Management, Operations Strategy \& Forecasting Case Study 1: Hogsmeadow Garden Centre Don Dursley spread his arms widely as he surveyed his garden centre. 'Of...

NEED AN EXPERT IN MACROECONOMICS TO ANSWER THE 10 QUESTIONS: Many economists argue that an incentive to save is A tax on consumption rather than on income Greater government regulation of the banking...

Need an expert in macroeconomics to answer the 10 questions: 11. If the government raises income taxes, then the labor Demand curve shifts rightward Supply curve shifts leftward Demand curve shifts...

Need an expert in macroeconomics to answer these 10 questions 21. Encouraging international trade will Speed economic growth as workers specialize and trade with others Speed economic growth because...

Brands in the Salesforce Dilem DS. INC: SPECTRUM BRAN company's individual and maintain customer relationships, and to clude competition from tak ing advantage of any perceived disruptions during...

chapter 6 \" International Management It was once said that the sun never set on the British Empire. Today, the sun does set on the British Empire, but not on the scores of global empires, including...

Refer to Practice 23-5. Interpret the changes in the DuPont framework ratios from Year 1 to Year 2 and from Year 2 to Year 3.

Two Carnot engines operate in series. The first one receives heat from a TER at 2500 K and rejects the waste heat to another TER at a temperature T. The second engine receives this energy rejected by...

Notes from Workpaper Review Aldridge uses U . S . GAAP and has a tax rate of 3 0 % in Year 1 . During Year 2 the tax rate was increased to 3 5 % for Year 2 and beyond. On the liability side, it had...

According to Bowers, Nevadas __________ is expected to double by 2020 what it was in 2000, leading some experts to speculate that as a constituency, they will not support increases in funding for...

2. Suppose that the pen-making industry is perfectly competitive. Also suppose that each current firm and any potential firms that might enter the industry all have identical cost curves, with...

LO12.4 Explain how a pure monopoly sets its profitmaximizing output and price.

3. Suppose that as the output of mobile phones increases, the cost of touch screens and other component parts decreases. If the mobile phone industry features pure competition, we would expect the...