is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate 72.5 percent, or .725. a. What is the size of the labor force? TA b. How many people are unemployed? c. What is the size of the working-age population?
is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate 72.5 percent, or .725. a. What is the size of the labor force? TA b. How many people are unemployed? c. What is the size of the working-age population?
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 2P
Related questions
Question
Answer ex 15 a b and c and 16
![15. Suppose the number of employed people in an economy
is 121,166,640. The unemployment rate in this economy is
10.4 percent, or .104, and the labor force participation rate is
72.5 percent, or .725.
a. What is the size of the labor force?
MOTTARA
b. How many people are unemployed?
c. What is the size of the working-age population?
16. On average, nations in Europe pay higher unemployment
benefits for longer periods of time than does the United States.
How do you suppose this would impact the unemployment
rates in these nations? Explain which type of unemployment
you think is most directly affected by the size and duration of
unemployment benefits.
CHAPTER 7 Unemployment, Inflation, and Long-Run Growth](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F672705bc-3e59-4c8d-a7fc-f533c3c3525b%2Fac39e161-4171-4df1-be4e-3579bd815a9c%2Fo07jt9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:15. Suppose the number of employed people in an economy
is 121,166,640. The unemployment rate in this economy is
10.4 percent, or .104, and the labor force participation rate is
72.5 percent, or .725.
a. What is the size of the labor force?
MOTTARA
b. How many people are unemployed?
c. What is the size of the working-age population?
16. On average, nations in Europe pay higher unemployment
benefits for longer periods of time than does the United States.
How do you suppose this would impact the unemployment
rates in these nations? Explain which type of unemployment
you think is most directly affected by the size and duration of
unemployment benefits.
CHAPTER 7 Unemployment, Inflation, and Long-Run Growth
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