In 2019 they were 10,000 people employed 1000 people unemployed and 1500 people not in the labor force in 2020 the following events occurred 300 people who are looking or hired 400 people were fired from their jobs and they have started looking for new jobs hundred people quit their jobs and did not look for new 300 people who are not worth looking decided to start looking 450 people retired and 200 people who were looking decided to stop looking due to lack of success what is the unemployment rate in 2020

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter6: Business Cycles And Unemployment
Section: Chapter Questions
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In 2019 they were 10,000 people employed 1000 people unemployed and 1500 people not in the labor force in 2020 the following events occurred 300 people who are looking or hired 400 people were fired from their jobs and they have started looking for new jobs hundred people quit their jobs and did not look for new 300 people who are not worth looking decided to start looking 450 people retired and 200 people who were looking decided to stop looking due to lack of success what is the unemployment rate in 2020

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