Figure 1showsunemployment for some of OECD countries. How would you describe the trend for   the various countries? Do you think there are structural differences? What happened to unemployment during the pandemic?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
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Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...
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CS 12 

Subject - economics 

Figure 1showsunemployment for some of OECD countries. How would you describe the trend for

 

the various countries? Do you think there are structural differences? What happened to unemployment during the pandemic? 

 

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Figure 1
Unemployment 1983-2021
0
1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019
FRA
GRC
GBR
DEU
-USA
Data Source: IMF, January 2022
Note: FRA is France, GRC is Greece, GBR is Great Britain, DEU is Germany and USA are the United
States of America.
Transcribed Image Text:30 25 20 15 10 5 Figure 1 Unemployment 1983-2021 0 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 FRA GRC GBR DEU -USA Data Source: IMF, January 2022 Note: FRA is France, GRC is Greece, GBR is Great Britain, DEU is Germany and USA are the United States of America.
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