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ya-yaa ya-yaa
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A year ago
The following table defines some population and employment statistics for two countries.

Sweet CountrySpicy Country
Population500 million510 million
Unemployment rate4%5%
Labor participation rate82%76%

Refer to the table above. Assume there are 150 million students, elderly, or children in Sweet Country. There are about 11 million unemployed people. How many people are discouraged or are not looking for work even though they do not have a job and could work?

▸ About 23 million people

▸ About 50 million people

▸ About 6 million people

▸ About 10 million people
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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jbeejbee
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A year ago
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