a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal places). Values in the table are reported in millions, except for percentages. Labour-Force Adult Labour Unemployment Participation Rate Country Population Employed Unemployed Force Rate Japan 108.12 63.79 3.20 France 25.98 2.45 56.4% Germany 69.17 39.75 8.08% b. Why might a favourable change to the economy such as technological change or a decrease in the price of imported oil be associated with an increase in frictional unemployment?

a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal places). Values in the table are reported in millions, except for percentages. Labour-Force Adult Labour Unemployment Participation Rate Country Population Employed Unemployed Force Rate Japan 108.12 63.79 3.20 France 25.98 2.45 56.4% Germany 69.17 39.75 8.08% b. Why might a favourable change to the economy such as technological change or a decrease in the price of imported oil be associated with an increase in frictional unemployment?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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