If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a period of 12 months in a given year, how many spells of unemployment and months of unemployment occur during a year?

If 175 workers are unemployed for a period of 1 month, 87 for a period of 6 months, and 54 for a period of 12 months in a given year, how many spells of unemployment and months of unemployment occur during a year?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 2WNG

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Question

100%

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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