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sann0001 sann0001
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5 years ago
Suppose there are 180 million employed people and 20 million unemployed people.
a.What is the unemployment rate?
b.Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers. What is the new unemployment rate?
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Replies
wrote...
5 years ago
 
a.The unemployment rate is (20 million unemployed  200 million labor force)  100 = 10.0 percent.
b.The unemployment rate is (15 million unemployed  195 million labor force)  100 = 7.7 percent.
sann0001 Author
wrote...
5 years ago
Thanks for your help!
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