Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million || Not in labour force = 730 million Number of Labour force = 2500 million

Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million || Not in labour force = 730 million Number of Labour force = 2500 million

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

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

Section: Chapter Questions

Problem 12CQ

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Question

Q-2 Compute the (a) Number of unemployed, (b)
Unemployment-rate, (c) Population, and (d) Labor force
participation rate, using this data:
Number of employed = 1800 million
%3D
Not in labour force :
730 million
Number of Labour force = 2500 million

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