Assume the following described the population in The Bahamas when the unemployment survey was conducted in June 2019. i. There were 100,000 full-time workers and 50,000 part-time workers who prefer full-time work. ii. 15,000 persons were actively looking for work and not working. iii. 10,000 full-time college students iv. 5,400 adults not looking for work. v. 3,000 discouraged workers. a. Calculate the official unemployment rate. b. Suppose 3,000 persons, because of positive economic news, started actively looking for work of which 1,000 found jobs. At the same time, 2000 new high school graduate enter the labor force. What impact will this have on the unemployment rate? c. What are the factors that make it hard to determine the unemployment? rate?. Multi Line Text.
Assume the following described the population in The Bahamas when the
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