4. The table below provides employment data for the imaginary country of Worklandia in 2016. Classification 2016 Total Population Employed 100 57 Homemakers 16 Full-Time Students 15 Retired Seeking Work, but without a job How many people are in the labor force in Worklandina in 2016? b. What was the unemployment rate in Worklandia in 2016? What was the was the labor force participation rate in Worklandia in 2016? a. C. Following a number of prosperous years, Worklandina entered a recession in 2017. AS a result, many companies went out of business and 12 people lost their jobs. d. Assuming everyone who lost their job immediately began to look for a new job immediately began to look for a new job, what was the unemployment rate and the labor force participation rate in 2017? Did cyclical unemployment go up, go down, or stay the same in 2017? e.

4. The table below provides employment data for the imaginary country of Worklandia in 2016. Classification 2016 Total Population Employed 100 57 Homemakers 16 Full-Time Students 15 Retired Seeking Work, but without a job How many people are in the labor force in Worklandina in 2016? b. What was the unemployment rate in Worklandia in 2016? What was the was the labor force participation rate in Worklandia in 2016? a. C. Following a number of prosperous years, Worklandina entered a recession in 2017. AS a result, many companies went out of business and 12 people lost their jobs. d. Assuming everyone who lost their job immediately began to look for a new job immediately began to look for a new job, what was the unemployment rate and the labor force participation rate in 2017? Did cyclical unemployment go up, go down, or stay the same in 2017? e.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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