3. Assume the unemployment rates among different groups in the labor force are as follows: teenagers 21%, males 8.5%, adult females 8.6%. Teenagers account for 8% of the total labor force, while men account for 56% of the total labor force. What is the actual unemployment rate nationwide?

3. Assume the unemployment rates among different groups in the labor force are as follows: teenagers 21%, males 8.5%, adult females 8.6%. Teenagers account for 8% of the total labor force, while men account for 56% of the total labor force. What is the actual unemployment rate nationwide?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 1QR

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3.
Assume the unemployment rates among different groups in the labor force are as
follows: teenagers 21%, males 8.5%, adult females 8.6%. Teenagers account for
8% of the total labor force, while men account for 56% of the total labor force.
What is the actual unemployment rate nationwide?

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