Use the data below that describes a nation’s population to answer the following questions: a) How many people are unemployed each year? b) How many people are employed each year? c) What impact would a recession have on the full-employment rate of unemployment of 4.0%? Year 1 Year 2 Population 330 million 335 million Labor Force 160 million 165 million Unemployment rate 7 percent 6 percent
Use the data below that describes a nation’s population to answer the following questions:
a) How many people are unemployed each year?
b) How many people are employed each year?
c) What impact would a recession have on the full-employment rate of unemployment of 4.0%?
Year 1 Year 2
Population 330 million 335 million
Labor Force 160 million 165 million
Unemployment rate 7 percent 6 percent
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