The IMF World Economic Outlook reports the following unemployment rates:RegionUnited StatesSpainVenezuelaSingapore20155.322.17.41.920164.919.621.22.1a. What do these numbers tell us about the phase of the business cycle inthe three regions in 2016?b. What do these number tell us about the relative size of their naturalunemployment rate?c. Do these numbers tell us anything about the relative size of their laborforce participation rates and employment-to-populationratios?1

The unemployment rate tells that for a fast-growing economy the unemployment rate decreases…

Answered: a. What do the the three reg b. What do…

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a. What do the the three reg b. What do the unemploym- c. Do these nur force particip

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

100%

The IMF World Economic Outlook reports the following unemployment rates:
Region
United States
Spain
Venezuela
Singapore
2015
5.3
22.1
7.4
1.9
2016
4.9
19.6
21.2
2.1
a. What do these numbers tell us about the phase of the business cycle in
the three regions in 2016?
b. What do these number tell us about the relative size of their natural
unemployment rate?
c. Do these numbers tell us anything about the relative size of their labor
force participation rates and employment-to-population
ratios?
1

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