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rsteel rsteel
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A year ago
Scenario: Consider Country A with a population of 2 million people. In Country A, there are 1.5 million people employed; 0.3 million younger than 18, in school or retired; 0.1 million voluntarily unemployed; and 0.1 million people officially unemployed.


Refer to the scenario above. Suppose the market clearing wage rate increases in Country A and now only 0.05 million people are voluntarily unemployed, but there are still only 1.5 million people working. What is the new unemployment rate?

▸ 9.1 percent

▸ 6 percent

▸ 10 percent

▸ 7.6 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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jp50jp50
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A year ago
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rsteel Author
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A year ago
Thank you, thank you, thank you!
byehoe
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Thanks
Marctheshark
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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