Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time...
Working age population- 20 million
Workforce participation rate- 50%
Full time employed- 7 million
Part time employed - 2 million
Structural and Frictional unemployed 0.4 million
Hidden unemployment 0.2 million
The number of the workforce experiencing cyclical unemployment is :
A. 0.6 million
B. 2.4 million
C. 10 million
D. 10.6 million
Explain your answer
Homework Answers
Answer= 2.4 million
Explanation :- Part time employment is considered cyclicaly unemployed and structural and frictional unemployed are also cyclically unemployed.
Thus Part time employed + structural and frictional unemployed = 2 million + 0.4 million = 2.4 million
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Workforce participation rate- 50%
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