Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What is the standard unemployment rate? Instructions: Enter your response rounded to one decimal place. The standard unemployment rate is percent.

Suppose the labor force is 189 million of a possible 244 million working-age adults. The total number of unemployed is 15 million. What is the standard unemployment rate? Instructions: Enter your response rounded to one decimal place. The standard unemployment rate is percent.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 5SQP

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