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Ashurbanipal Ashurbanipal
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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 that, given the numbers in the initial scenario, 20 percent of the people reported as officially unemployed are actually only looking for jobs with wages above the market clearing wage rate. What is the true unemployment rate, given this information?

▸ 4.5 percent

▸ 10 percent

▸ 5.1 percent

▸ 6.25 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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apontea13apontea13
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A year ago
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Ashurbanipal Author
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A year ago
This helped my grade so much Perfect
my2redeyes
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Thanks for your help!!
Chaldoren
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2 hours ago
Thanks
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