In an imaginary country the labor force is 50 million and the unemployment rate is 20%. The number of those who are not in the labor force is equal to 30 million. What is the employment rate in this country? Your answer In a southern European country, the unemployment increases during the winter months due to the decline in number of tourists in that country. This is the case of ....... Unemployment. Your answer

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
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In an imaginary country the labor force is 50 million and the unemployment rate is 20%. The
number of those who are not in the labor force is equal to 30 million. What is the
employment rate in this country?
Your answer
In a southern European country, the unemployment increases during the winter months due to
the decline in number of tourists in that country. This is the case of ....... Unemployment.
Your answer
Transcribed Image Text:In an imaginary country the labor force is 50 million and the unemployment rate is 20%. The number of those who are not in the labor force is equal to 30 million. What is the employment rate in this country? Your answer In a southern European country, the unemployment increases during the winter months due to the decline in number of tourists in that country. This is the case of ....... Unemployment. Your answer
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