Give me accurate answer otherwise i give multiple downvote and complain to bartelby..with proper calculation Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate KDuring the course of a year, the labor force consists of the same 1,089 people. Of these, 16 lack skills that employersdesire and hence remain unemployed throughout the year. At the same time, every month during the year, 20 differentpeople become unemployed, and 20 other different people who were unemployed find jobs. There is no cyclicalunemployment.a. Calculate the frictional unemployment rate. 1.84 %.(Enter your response as a percentage rounded to two decimal places).b. Calculate the unemployment rate.%.(Enter your response as a percentage rounded to two decimal places).

Unemployment rates are key measures of the labor market's health. They show the fraction of the…

Answered: During the course of a year, the labor…

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 16P

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Give me accurate answer otherwise i give multiple downvote and complain to bartelby..with proper calculation

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.
Answer completely and accurate answer.
Rest assured, you will receive an upvote if the answer is accurate

K
During the course of a year, the labor force consists of the same 1,089 people. Of these, 16 lack skills that employers
desire and hence remain unemployed throughout the year. At the same time, every month during the year, 20 different
people become unemployed, and 20 other different people who were unemployed find jobs. There is no cyclical
unemployment.
a. Calculate the frictional unemployment rate. 1.84 %.
(Enter your response as a percentage rounded to two decimal places).
b. Calculate the unemployment rate.%.
(Enter your response as a percentage rounded to two decimal places).

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