a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal places). Values in the table are reported in millions, except for percentages. Labour-Force Adult Labour Unemployment Participation Rate Country Population Employed Unemployed Force Rate Japan 108.12 63.79 3.20 France 25.98 2.45 56.4% Germany 69.17 39.75 8.08% b. Why might a favourable change to the economy such as technological change or a decrease in the price of imported oil be associated with an increase in frictional unemployment?

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 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...
icon
Related questions
Question
100%
Please answer asap!!
a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal
places). Values in the table are reported in millions, except for percentages.
Labour-Force
Adult
Labour
Unemployment Participation
Rate
Country
Population
Employed Unemployed
Force
Rate
Japan
108.12
63.79
3.20
France
25.98
2.45
56.4%
Germany
69.17
39.75
8.08%
b. Why might a favourable change to the economy such as technological change or a
decrease in the price of imported oil be associated with an increase in frictional
unemployment?
Transcribed Image Text:a. Complete the missing cells of the following table, showing the formulae used and your calculations (use 2 decimal places). Values in the table are reported in millions, except for percentages. Labour-Force Adult Labour Unemployment Participation Rate Country Population Employed Unemployed Force Rate Japan 108.12 63.79 3.20 France 25.98 2.45 56.4% Germany 69.17 39.75 8.08% b. Why might a favourable change to the economy such as technological change or a decrease in the price of imported oil be associated with an increase in frictional unemployment?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Government Revenue
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning