Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million || Not in labour force = 730 million Number of Labour force = 2500 million

Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million || Not in labour force = 730 million Number of Labour force = 2500 million

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter6: How Statisticians Measure Inflation

Section6.A: How Statisticians Measure Inflation

Problem 5TY

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Question

Q-2 Compute the (a) Number of unemployed, (b)
Unemployment-rate, (c) Population, and (d) Labor force
participation rate, using this data:
Number of employed = 1800 million
%3D
Not in labour force :
730 million
Number of Labour force = 2500 million

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