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Suppose that Kennyland consists of the following individuals: Albert works part-time at the local grocery store. Bertha works full-time as a data analyst. Charlie is a college student without a job. Donna is a college student who works part time at the dining hall. Ethan volunteers at the local soup kitchen. Frances lost her job as a typist and is actively seeking another job. Gerry works one hour per month as a lounge musician. Henry flips burgers at MacDonalds but would like to have a job as a chemist. Isabelle just joined the Navy. Joe quit his job as a miner and is actively seeking work in the construction industry. Keith sells marijuana in Pennsylvania. Laura works at a marijuana dispensary in Colorado. Mark is in prison. Ned works at the prison as a corrections officer. Oscar has given up looking for work because he doesn't believe he can find a job. Patty just graduated from college and is looking for her first real job in health care. a. What is the population of Kennyland? b. What is the size of the labor force in Kennyland? c. Who is considered unemployed in Kennyland? d. What is the rate of unemployment? e. If Joe quits looking for work, how does the unemployment rate change?.

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Suppose that Kennyland consists of the following individuals: Albert works part-time at the local grocery store. Bertha works full-time as a data analyst. Charlie is a college student without a job. Donna is a college student who works part time at the dining hall. Ethan volunteers at the local soup kitchen. Frances lost her job as a typist and is actively seeking another job. Gerry works one hour per month as a lounge musician. Henry flips burgers at MacDonalds but would like to have a job as a chemist. Isabelle just joined the Navy. Joe quit his job as a miner and is actively seeking work in the construction industry. Keith sells marijuana in Pennsylvania. Laura works at a marijuana dispensary in Colorado. Mark is in prison. Ned works at the prison as a corrections officer. Oscar has given up looking for work because he doesn't believe he can find a job. Patty just graduated from college and is looking for her first real job in health care. a. What is the population of Kennyland? b. What is the size of the labor force in Kennyland? c. Who is considered unemployed in Kennyland? d. What is the rate of unemployment? e. If Joe quits looking for work, how does the unemployment rate change?

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