Instructions: Round your answers for the working-age population, labor force, employed, and unemployed to the nearest whole number. Round your answers for the unemployment rate and labor-force participation rate to two decimal places. a. Fill in the blanks in the table above. b. In part a, you may have noticed that the unemployment rates of the three countries differ from one another. Which of the following are possible reasons why a country may have a higher unemployment rate? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box.
Instructions: Round your answers for the working-age population, labor force, employed, and unemployed to the nearest whole number. Round your answers for the unemployment rate and labor-force participation rate to two decimal places. a. Fill in the blanks in the table above. b. In part a, you may have noticed that the unemployment rates of the three countries differ from one another. Which of the following are possible reasons why a country may have a higher unemployment rate? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:Working-age Labor
Country population force Employed Unemployed
77
Japan
France
Germany
109
60
74
31
48
69
28
3
8
3
45
Unemployment
rate (%)
10.4
9.7
6.25
X
The country could have higher (and binding) minimum wages.
Labor-force
participation rate
(%)
? A greater percentage of the country's workers could be unionized..
Instructions: Round your answers for the working-age population, labor force, employed, and unemployed to the nearest whole
number. Round your answers for the unemployment rate and labor-force participation rate to two decimal places.
a. Fill in the blanks in the table above.
70.6 X
b. In part a, you may have noticed that the unemployment rates of the three countries differ from one another.
Which of the following are possible reasons why a country may have a higher unemployment rate?
Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to
place a check mark. For incorrect answer(s), click the option twice to empty the box.
The country could have more generous unemployment benefits.
51.67
? The country could have a more liberalized labor market, leading to lower frictional unemployment.
The country could be in a recession and have higher cyclical unemployment.
64.9
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