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Total population Working-age population Employed A (7,500/75,000) × 100. Unemployed Consider the data above for a simple economy. B (7,500/125,000) × 100. 125,000 C) (7,500/67,500) × 100. 75,000 Refer to Table 9-2. The unemployment rate for this simple economy equals D) (7,500/60,000) × 100. 60,000 7,500

Total population Working-age population Employed A (7,500/75,000) × 100. Unemployed Consider the data above for a simple economy. B (7,500/125,000) × 100. 125,000 C) (7,500/67,500) × 100. 75,000 Refer to Table 9-2. The unemployment rate for this simple economy equals D) (7,500/60,000) × 100. 60,000 7,500

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Table 9-2 Total population Working-age population Employed (A) (7,500/75,000) × 100. Unemployed 7,500 Consider the data above for a simple economy. B (7,500/125,000) × 100. 125,000 Refer to Table 9-2. The unemployment rate for this simple economy equals (7,500/67,500) × 100. 75,000 D) (7,500/60,000) × 100. 60,000 G
Transcribed Image Text:Table 9-2 Total population Working-age population Employed (A) (7,500/75,000) × 100. Unemployed 7,500 Consider the data above for a simple economy. B (7,500/125,000) × 100. 125,000 Refer to Table 9-2. The unemployment rate for this simple economy equals (7,500/67,500) × 100. 75,000 D) (7,500/60,000) × 100. 60,000 G
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Step 1

Given,

Total population = 125,000Working-age population = 75,000Employed = 60,000unempoyed = 7,500

Unemployment is a situation where the a person is capable and willing to do work but cannot find a suitable job for him/herself. 

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