American Highschool Academy Unemployment Rates and Decimals Questions 3 questions on the document belowthey are about calculating unemployment rates and di

American Highschool Academy Unemployment Rates and Decimals Questions 3 questions on the document belowthey are about calculating unemployment rates and discouragement Question 1:
Based on the information below:
a. Calculate the unemployment rate.
b. If five of the unemployed persons give up looking for a job, and become discouraged, what
will happen to the unemployment rate? Calculate the new unemployment rate.
c. Start with the original information in the table below. If seven of the unemployed persons find
jobs, what will happen to the unemployment rate? Calculate the new unemployment rate.
Show work. All calculations must be to two decimals.
Full-time employed
Part-time employed
Unemployed
Discouraged workers
Workers in the underground economy/accepting under the table payments
Consumer price index
Nominal GDP
295
130
30
8
30
104
21,000
Question 2:
According to the July 2019 statistics released by the Bureau of Labor Statistics,
the unemployment rate was 3.7 percent. How is it possible that the employment to population
rate was 60.7 percent according to the Bureau? Explain.
See https://www.bls.gov/news.release/empsit.t01.htm
Question 3:
Based on the following data for Country X, where the frictional unemployment rate is currently
1.9 percent, natural unemployment rate is considered to be 5 percent; while the civilian labor
force is currently 110 million, and the number of employed persons currently is 95 million.
Calculate (and show work – two decimals)
(a) the unemployment rate,
(b) the structural unemployment rate, and
(c) the cyclical unemployment rate.

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