CC2105+Ch[1].15+Answer - CC2105 Introduction to...

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1. The table below uses data for the year 2000 provide by the BLS and adjusted to be comparable to U.S. data. All  values are in millions. Fill in the blank entries in the table. Show your work! Country Adult Population Labor  Force Employed Unemployed Unemployment  Rate Labor-Force  Participation Rate Japan 108.12 63.79 3.20 France 25.98 2.45 56.4 percent Germany 69.17 39.75 8.08 percent ANSWER: Demographic  Group Population Labor  Force Employed Unemployed Unemployment  Rate Labor-Force  Participation Rate Japan 108.12 66.99 63.79 3.20 4.78 percent 61.96 percent France 46.06 25.98 23.53 2.45 9.43 percent 56.4 percent Germany 69.17 39.75 36.54 3.21 8.08 percent 57.47 percent 2. Why have labor-force participation rates for women in the United States increased since World War II while  labor-force participation rates for men have decreased? ANSWER: Labor-force participation rates for women have increased largely as a result of a change in the attitude of  society toward women working outside the home and an increase in educational and vocational opportunities  for women. Advances in birth control have made it possilbe for women to stay in the labor force longer. Labor- force participation rates for men have decreased because young men now stay in school longer than they used  to, older men now retire earlier and live longer, and more fathers now stay at home to raise their children. 3. Most spells of unemployment are short, and most unemployment observed at any given time is long term. How  can this be? ANSWER: Most unemployed people in the economy are unemployed for relatively short periods of time, while fewer  people are unemployed for relatively long periods of time. If you were to track the labor hours lost due to  unemployment, it is likely that most of them would be among those who are unemployed for long periods of  time. 4.
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CC2105+Ch[1].15+Answer - CC2105 Introduction to...

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