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In an economy, the working age population is 200 million Of this total, 100 million workers are employed 6 million workers are unemployed 28 milion workers are not available for work (homemakers, full-time students, etc) 4 milion workers are available for work but are discouraged and thus are not seeking work 2 million workers are avalable for work but are not currently seeking work due to transportation or childcare problems The unemployment rate in this economy is% (Round your answer to one decimal place)

In an economy, the working age population is 200 million Of this total, 100 million workers are employed 6 million workers are unemployed 28 milion workers are not available for work (homemakers, full-time students, etc) 4 milion workers are available for work but are discouraged and thus are not seeking work 2 million workers are avalable for work but are not currently seeking work due to transportation or childcare problems The unemployment rate in this economy is% (Round your answer to one decimal place)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Resume later Submil In an economy, the working-ago population is 200 million Of this total, 160 million workers are employed. 6 million workers are unemployed. 28 million workers are not available for work (homemakers, full-time students, etc.). 4 million workers are available for work but are discouraged and thus are not seeking work 2 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is %. (Round your answer to one decimal place.)
Transcribed Image Text:Resume later Submil In an economy, the working-ago population is 200 million Of this total, 160 million workers are employed. 6 million workers are unemployed. 28 million workers are not available for work (homemakers, full-time students, etc.). 4 million workers are available for work but are discouraged and thus are not seeking work 2 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is %. (Round your answer to one decimal place.)
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