g the following population and employment data for the United States (2000–2016), answer three questions. Instructions: Enter yo
ur responses rounded to one decimal place. If the number is decreasing, be sure to enter a negative sign (-) in front of that number. Between 2005 and 2014, by how much did a. The labor force change? 6602.0 million b. Unemployment change? -2028.0 million c. Employment change? 4574.0 million
1 answer:
Answer:
a) 6602.0 million
b) 2,026.0 million
c) 4,576.0 million
Explanation:
FIrst and foremost, the image or picture for the beginning part of the question on Population and employment data for the United Staates (2000-2016) is attached below. This will be used to answer the questions.
Soluton
a) Between 2005 and 2014, by how much did a. The labor force change?
The way to answer this question is to consider the labour force in 2014 and then compare it to the labour force in 2005
Labour force in 2014 = 155,922,000
Labour force in 2005 =149,320,000
It means the change in labour force = 155,922,000 - 149,320,000 =
6,602,000 or apporximately 6602.0 million
b) Change in Unemployment
The Unemployment figure for 2014 is 9,617,000
The figure for 2005 = 7,591,000
= 9,617,000-7,591,000 = 2,026,000 or 2,026.0 million
C) Change in Employment
To calculate this figure, we use the folliwng formula
Employed in 2014 = The labour of 2014 - the unemployed in 2014
Employed in 2005 = The labour of 2005 - the unemployed in 2005
Empoyed in 2014 = 155,922,000- 9,617,000 = 146,305,000
Employed in 2005 = 149,320,000- 7,591,000 = 141,729,000
= 146,305,000 - 141,729, 000 = 4,576,000 or 4,576.0 million
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