e round your responses to the nearest whole number. In 2011, the unemployment rate was 9 percent, 5 percent above the full-employment threshold of 4 percent. a. How many jobs were lost, as a result, in a labor force of 140 million? million workers b. If the average worker produced $100,000 of output, how much output was lost? $ billion c. If the population in 2011 was 350,000 million, how much did GDP per capita decline as a resul
e round your responses to the nearest whole number. In 2011, the unemployment rate was 9 percent, 5 percent above the full-employment threshold of 4 percent. a. How many jobs were lost, as a result, in a labor force of 140 million? million workers b. If the average worker produced $100,000 of output, how much output was lost? $ billion c. If the population in 2011 was 350,000 million, how much did GDP per capita decline as a resul
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please round your responses to the nearest whole number.
In 2011, the
a. How many jobs were lost, as a result, in a labor force of 140 million? million workers
b. If the average worker produced $100,000 of output, how much output was lost? $ billion
c. If the population in 2011 was 350,000 million, how much did
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