Calculate the size of the labor force and the unemployment rate if there are 200 frictionally unemployed, 175 structurally unemployed, 50 cyclically unemployed, 100 underemployed, 600 fully employed and 35 discouraged workers. Please show your work.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
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Calculate the size of the labor force and the unemployment rate if there are 200
frictionally unemployed, 175 structurally unemployed, 50 cyclically unemployed, 100
underemployed, 600 fully employed and 35 discouraged workers. Please show your
work.
Transcribed Image Text:Calculate the size of the labor force and the unemployment rate if there are 200 frictionally unemployed, 175 structurally unemployed, 50 cyclically unemployed, 100 underemployed, 600 fully employed and 35 discouraged workers. Please show your work.
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