As of February 2015, the country of Trumpsville has a non-instutionalized population of 10 million. 3 million are out of the labor force. 6 million are employed. 2 million workers recently left the workforce because they believe no jobs are available. 1 million work part-time jobs but would like to work full time. What is the unemployment rate adjusted for DISCOURAGED WORKERS? a. 1/7 = 14% b. 3/10 = 30% c. 3/9 =33% d. 2/7 = 29% e. 3/7 = 43%
As of February 2015, the country of Trumpsville has a non-instutionalized population of 10 million. 3 million are out of the labor force. 6 million are employed. 2 million workers recently left the workforce because they believe no jobs are available. 1 million work part-time jobs but would like to work full time. What is the unemployment rate adjusted for DISCOURAGED WORKERS? a. 1/7 = 14% b. 3/10 = 30% c. 3/9 =33% d. 2/7 = 29% e. 3/7 = 43%
Chapter6: Business Cycles And Unemployment
Section: Chapter Questions
Problem 10SQ
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As of February 2015, the country of Trumpsville has a non-instutionalized population of 10 million. 3 million are out of the labor force. 6 million are employed. 2 million workers recently left the workforce because they believe no jobs are available. 1 million work part-time jobs but would like to work full time.
What is the
a. 1/7 = 14%
b. 3/10 = 30%
c. 3/9 =33%
d. 2/7 = 29%
e. 3/7 = 43%
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