Using the table, Year 2018 Year 2019 Population Labor Force Employed 3500 2000 1800 3675 2200 1980 13. What is the unemployment rate in each year? 14. Calculate the change in the number of unemployed between Year 2018 and Year 2019? 15. How is the apparent discrepancy between #13 and #14 explained?

Using the table, Year 2018 Year 2019 Population Labor Force Employed 3500 2000 1800 3675 2200 1980 13. What is the unemployment rate in each year? 14. Calculate the change in the number of unemployed between Year 2018 and Year 2019? 15. How is the apparent discrepancy between #13 and #14 explained?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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