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Question 1

Consider the following labor statistics for the adult population (age 16 and older) in China displayed in the table below (all numbers in millions).

Employed100
Unemployed12
Not in Labor Force95

Using the data above calculate Labor Force for China.

million

 

Hint




Question 2

Consider the following labor statistics for adult population (age 16 and older) in the US displayed in the table below (all numbers in millions).

Employed130
Unemployed9
Not in Labor Force85

Using the data above calculate unemployment rate for the US.

million

 

Hint




Question 3

Consider the following labor statistics for adult population (age 16 and older) in Canada displayed in the table below (all numbers in millions).

Employed140
Unemployed8
Not in Labor Force95

Using the data above calculate adult population for Canada.

million

 

Hint




Question 4

Consider the following labor statistics for adult population (age 16 and older) in Canada displayed in the table below (all numbers in millions).

Employed140
Unemployed10
Not in Labor Force95

Using the data above calculate labor force participation rate for Canada.

 

Hint




Question 5

Consider the following labor statistics for adult population (age 16 and older) in Mexico displayed in the table below (all numbers in millions).

Employed100
Unemployed12
Not in Labor Force75

1. Using data above, calculate unemployment rate for Mexico.

 

 

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2. Supposed that 4 million workers become discouraged and give up looking for a job. Using data above, calculate the new unemployment rate taking into account the discouraged workers.

 

 

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3. What has happened to the unemployment rate as a result of people who have given up and stopped looking for a job?

 

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Question 6

Consider the following labor statistics for adult population (age 16 and older) in China displayed in the table below (all numbers in millions).

Employed140
Unemployed12
Not in Labor Force85

1. Using data above, calculate the unemployment rate for China.

 

 

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2. Supposed that as a result of economic downturn 5 million workers become demoted and their status changes from full-time to part-time workers. Using data above, calculate new unemployment rate taking into account these newly created part-time workers.

 

 

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3. What has happened to the unemployment rate as a result of people being changed from full-time to part-time workers?

 

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