n the year 2020, total number of employed was 1,700. There are 110 who were frictionally unemployed, and 70 who were cyclically unemployed. Total number of unemployed was 420. Determine the number of people structurally unemployed for the year 2020.
n the year 2020, total number of employed was 1,700. There are 110 who were frictionally unemployed, and 70 who were cyclically unemployed. Total number of unemployed was 420. Determine the number of people structurally unemployed for the year 2020.
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 7WNG
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In the year 2020, total number of employed was 1,700. There are 110 who were frictionally
Determine the number of people structurally unemployed for the year 2020.
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