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mattfury17 mattfury17
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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. The unemployment rate in Country X indicates that ________.

▸ there is no unemployment

▸ the economy cannot be expanding

▸ the country is in an economic crisis

▸ unemployment attributes to a well-functioning economy
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Macroeconomics

Macroeconomics


Edition: 3rd
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romeo_izzy13romeo_izzy13
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