DERIVED THE UNEMPLOYMENT RATE. NO VOLUTION WIU BECONVIDERED WRONGGIVENPO PULATION=110 MILLICNTO TAL LABOR FORCE= 63 MILLIONFRICTIONASLLY UNEMPLOYED= 2 MILLIONSTRUC TURALLY UNEM PLOYED= / MILLIONCYCLICALLYUNE A PLOYED= 750 MILLIONVEASONAL YUNEMPLOYED- 2 50 MILIO4

The unemployment rate is calculated by dividing the number of unemployed people by the total labor…

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Economics

DERIVED THE UNEMPLOYMENT RATE

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 8P

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Question

DERIVED THE UNEMPLOYMENT RATE. NO VOLUTION WIU BE
CONVIDERED WRONG
GIVEN
PO PULATION
=110 MILLICN
TO TAL LABOR FORCE
= 63 MILLION
FRICTIONASLLY UNEMPLOYED
= 2 MILLION
STRUC TURALLY UNEM PLOYED
= / MILLION
CYCLICALLY
UNE A PLOYED
= 750 MILLION
VEASONAL Y
UNEMPLOYED
- 2 50 MILIO4

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