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Given the information below, answer the following: Calculate the unemployment and labor force participation rates for both 2009 and 2010. How did the rates change? 2009 Real GDP Total Adult Population 200,000 Employment Unemployment Discouraged Workers 1,500 Price Index 2010 $2.200,000 $2,500,000 210,000 120,000 7,000 2,000 215 110,000 6,000 210

Given the information below, answer the following: Calculate the unemployment and labor force participation rates for both 2009 and 2010. How did the rates change? 2009 Real GDP Total Adult Population 200,000 Employment Unemployment Discouraged Workers 1,500 Price Index 2010 $2.200,000 $2,500,000 210,000 120,000 7,000 2,000 215 110,000 6,000 210

Principles of Economics 2e
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,...
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Given the information below, answer the following: Calculate the unemployment and labor force participation rates for both 2009 and 2010. How did the rates change? 2009 Real GDP Total Adult Population 200,000O Employment Unemployment Discouraged Workers 1,500 Price Index 2010 $2,200,000 $2,500,000 210,000 120,000 7,000 2,000 215 110,000 6,000 210
Transcribed Image Text:Given the information below, answer the following: Calculate the unemployment and labor force participation rates for both 2009 and 2010. How did the rates change? 2009 Real GDP Total Adult Population 200,000O Employment Unemployment Discouraged Workers 1,500 Price Index 2010 $2,200,000 $2,500,000 210,000 120,000 7,000 2,000 215 110,000 6,000 210
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