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onlineerica onlineerica
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Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen have been able to find only part-time jobs. John, Peter, and Luna just had to close their coffee shop; and John and Peter are looking for a new business venture. Luna has inherited a large sum of money and feels that she does need to work anymore. Her sister Sara feels the same way. Four people in Country X are living in care facilities. Ten people are full-time students, and two of them currently are hoping to find a job. All other people are retirees or under the age of 16.


Refer to the scenario above. How would the unemployment rate change if two more students decide to look for work?

▸ It would increase by more than 3 percent.

▸ It would increase by about 3 percent.

▸ It would decrease by about 3 percent.

▸ It would remain the same, because students are not part of the labor force.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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Akabbett1Akabbett1
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Anonymous
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4 months ago
Help! The answer is missing an explanation...
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4 months ago
Added more details!
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