Calculate the unemployment rate for an economy using the following data: Number of employed: 154 million Number of unemployed: 28 million Number of discouraged workers: 20 million
Calculate the unemployment rate for an economy using the following data: Number of employed: 154 million Number of unemployed: 28 million Number of discouraged workers: 20 million
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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Transcribed Image Text:Calculate the unemployment rate for an economy using the following data:
Number of employed: 154 million
Number of unemployed: 28 million
Number of discouraged workers: 20 million
Population: 320 million
Adult Population: 220 million
(Show your work.)
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