If the unemployed people actively looking for work in an economy are 2,000,000, what is the unemployment rate if the number of workers is 18,000,000? a) 0.1 B) 0.09 C) 0.11 D) 5% TO) 0.12
If the unemployed people actively looking for work in an economy are 2,000,000, what is the unemployment rate if the number of workers is 18,000,000? a) 0.1 B) 0.09 C) 0.11 D) 5% TO) 0.12
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 39CTQ: Under what condition would an increase in the unemployment rate be a positive sign?
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