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  3. 4 suppose that the civilian noninstitutional working age population is...

Question: 4 suppose that the civilian noninstitutional working age population is...

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4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in the civilian non-institutional population over the next year, but the labor force participation rate rises by 1%, how many jobs must be created over the next year to leave the unemployment rate unchanged? 5. Suppose the government were to subsidize the wages of all women in the population by paying their employers 50 cents for every hour the worked. What would be the effect on the wage rate women received? What would be the effect on the net wage employers paid? Show this on a graph. On a separate graph, consider the labor market for men. Label both axes and show the equilibrium wage and employment levels. Would the subsidy for women affect the labor market for men? Why or why not? If so, show this on your graph. 6.

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