4) Suppose the number of employed people in an economy is 6,532,451. The unemployment rate in this economy is 6.4% a) What is the size of the labor force? b) How many people are unemployed?
4) Suppose the number of employed people in an economy is 6,532,451. The unemployment rate in this economy is 6.4% a) What is the size of the labor force? b) How many people are unemployed?
Chapter1: Making Economics Decisions
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How would I calculate these? I feel like I would need the number of unemployed people rather than employed
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this economy is 6.4%
a) What is the size of the labor force?
b) How many people are unemployed?
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Transcribed Image Text:4) Suppose the number of employed people in an economy is 6,532,451. The unemployment rate in
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b) How many people are unemployed?
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