EBK BRIEF PRINCIPLES OF MACROECONOMICS
EBK BRIEF PRINCIPLES OF MACROECONOMICS
8th Edition
ISBN: 8220103600552
Author: Mankiw
Publisher: CENGAGE L
Question
Book Icon
Chapter 10, Problem 1CQQ
To determine

Number of unemployed.

Expert Solution & Answer
Check Mark

Answer to Problem 1CQQ

Option “a” is correct.

Explanation of Solution

Option (a):

The person who is not currently at work but who has actively worked during the previous month is referred to as unemployed. Therefore, the number of unemployed is 10. Thus, option “a” is correct.

Option (b):

Here 40 peoples are full-time workers, 20 people work half-time but are referred to full-time workers, 10 are looking for a job,10 would like to work but are so discouraged that they have given up looking for a job, 10 are not interested in working because they are full-time students and 10 are retired. From this category, the number of people who are looking for job (10) is the number of unemployed from the total population of 100. Thus, option “b” is incorrect.

Option (c):

From different category of people according to their employment status, it is found that 10 people are unemployed. Thus, option “c” is incorrect.

Option (d):

40 peoples are included in full-time working category and only 10 peoples are considered to be the unemployed. Thus, option “d” is incorrect.

Economics Concept Introduction

Concept introduction:

Unemployed: In government statistics, a person who is not currently at work but is available to do work and has actively worked during the previous month is referred to as unemployed.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
• 3 different people working at any companies under the BPO industry in the Philippines. • What are the 3 different Vision, Mission, Duties and Responsibilities and Career Path of these people in their companies under the BPO industry?
Module 6 ⚫(1902) Buckner C X | (1902) How to d x (1902) Buckner F X (1902) Productic X WP Videoplayer Canvas Login | Ir x | + Σ R mybrcc.instructure.com/courses/417310/discussion_topics/3420114?module_item_id=20155705 Spring 2025 Home Announcements Modules Syllabus Grades 8 People BRCC-_Library DLASC Module 6 Discussion - Business Costs Relaunch to update For this discussion, think about where you work or a business you have a significant amount of knowledge about. What is a common product that the business sells? What are the main costs the business has to incur in order to be able to sell that product? Which of these costs are fixed and which are variable? How much additional costs would be incurred if it were to sell one additional unit of that product (marginal cost)? Write a discussion thread about this business, the product it commonly sells, and your answers to the above questions. Also, respond to at least two threads created by your classmates. In these responses, share what…
Refer to the video to answer the following:  • what are all the key policies or all the strategies the Philippine government should prioritize to accelerate sustainable economic growth?  • these should consider the Philippines current economic challenges, including inflation, unemployment, and the need for digital transformation.   "The Philippines' Strong Economic Growth"  (YouTube link: https://youtu.be/1YtEoGp2ZeM?siJQfIv5kbu0txVsLL.)
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Text book image
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
Text book image
Economics For Today
Economics
ISBN:9781337613040
Author:Tucker
Publisher:Cengage Learning
Text book image
Survey Of Economics
Economics
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Cengage,