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?
Chapter1: Making Economics Decisions
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Transcribed Image Text: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?
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