The economy has part time workers of 20 million people, and full time workers of 140 million people. There are 5 million who have no job and search for one. Lastly, 5 million who have no job but stop searching while waiting for a positive mood in the economy. The unemployment rate in the economy is %. (Your answer should include the first decimal point if there is.) Your Answer: Answer

The economy has part time workers of 20 million people, and full time workers of 140 million people. There are 5 million who have no job and search for one. Lastly, 5 million who have no job but stop searching while waiting for a positive mood in the economy. The unemployment rate in the economy is %. (Your answer should include the first decimal point if there is.) Your Answer: Answer

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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