EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
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Question
Chapter 7, Problem 1RQ
To determine
Explain the US employment population ratio.
Expert Solution & Answer
Explanation of Solution
The US experiences an increase in the employment population ratio. This general rise in employment population results by a drastic increase in the number of women arriving in the labor market. In the last recession, employment-to-population ratio had fallen from 62.8 percentage to 58.4 percent (from 2008 to 2013), which means that there is a 4.4 percent of decrease in the employment-to-population ratio. This decline represents that about 10.5 million jobs vanished from the labor market.
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Chapter 7 Solutions
EBK MACROECONOMICS (FOURTH EDITION)
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