Answered: 2 An economy has 100 000 total…

2 An economy has 100 000 total population, 80 000 over 16 years old, 60,000 people employed, 5,000 unemployed and 1.200 marginally attached workers. What is the conventional measure of unemploy rate?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An economy has 100 000 total population, 80 000 over 16 years old, 60,000 people employed, 5,000
unemployed and 1,200 marginally attached workers. What is the conventional measure of unemployment
rate?

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