a and b please? Dne | Final Exam 38. Table: Dexter\'s Employment Statisties ie G

Question

a and b please?

Dne | Final Exam 38. Table: Dexter's Employment Statisties ie Gron Number of Residents Employed Unemployed and looking for work Not working due to disability Not working due to retirement Unemployed and not looking for work due to discouragement over job prospects Under the age of 16 7,000 900 300 900 500 2500 12.100 Reference: Ref 8-10 (Table: Dexter's Employment Statistics) The accompanying table describes the labor market status for the residents of Dexter. Use these data to complete the following computatic a. What is the size of the labor force in Dexter? b. What is the labor force participation rate in Dexter? Font Family Font Size 39. When disinflation occurs the natural rate of unemployment rises. with inflationary expectations unchanging, aggregate output will r and inflationary expectations do not change, unemployment rates will fall and Inflationary expectations do not change, an economy may experiencg a recession

Explanation / Answer

Labor Force Can be calculated as below

Labor Force = No of Employed + No of UNemployed= 7000+ Unemploed and looking for work + unemployed and not looking for work = 7000+900+500 =8400

Labor force participation =Labor Force/ Total Population over age 16 = 8400/(12100-2500)=8400/9600 =87.5%

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