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Question 1

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

Employed120
Unemployed11
Not in Labor Force95

Using the data above calculate Labor Force for Japan.

million

 

Hint




Question 2

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

Employed130
Unemployed14
Not in Labor Force85

Using the data above calculate unemployment rate for Mexico.

million

 

Hint




Question 3

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

Employed120
Unemployed10
Not in Labor Force95

Using the data above calculate adult population for Mexico.

million

 

Hint




Question 4

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

Employed120
Unemployed18
Not in Labor Force75

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

 

Hint




Question 5

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

Employed150
Unemployed15
Not in Labor Force95

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

 

 

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2. Supposed that 5 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 the US displayed in the table below (all numbers in millions).

Employed150
Unemployed8
Not in Labor Force75

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

 

 

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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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