Homework Answers
Answer-6 The correct option is 17 percent
Unemployment Rate = No. of unemployed People/ Labor Force
Where Labor Force= Employed People+ Unemployed People
Unemployed People= 10
Labor Force= 50+10 =60
Unemployment Rate= (10/60 )*100
= 17% (approximately)
Answr-7 The correct option is decrease in the number of unemployed relative to the size of the labor force.
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Question 6 1 pts Consider an economy made up of 100 people, 50 of whom hold...
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I need response to this question 4. Explain the changes from year 1 to year 2....
I
need response to this question
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help Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment...
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I
need response to this question
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help
Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in this economy is 7.4 percent, or 074, and the labor force participation rate is 80 percent, or 80. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? On og notion in Eurone nay higher unemployment
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