LABOR ECONOMICS
LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
Question
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Chapter 2, Problem 1P

(a)

To determine

Determine the size of the labor force at the start of each year.

(b)

To determine

Determine the number of unemployed at the start of each year. 

(c)

To determine

Explain that these numbers may cause some concerns even though the unemployment rate that started in 2016 was a notch below the unemployment rate in 2008 as the economy was entering the great depression.

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