ssume the following for the town of Boone: The town has a total population of 60,000 people, of which 2,000 are under 16 years of ge or are institutionalized; 4,000 are full-time students who are not employed and are not seeking work; and 50,000 are employed. he rest of the people are out of work but have been actively seeking work within the past four weeks. hat is the unemployment rate in Boone? structions: Round your answer to 1 decimal place. percent
ssume the following for the town of Boone: The town has a total population of 60,000 people, of which 2,000 are under 16 years of ge or are institutionalized; 4,000 are full-time students who are not employed and are not seeking work; and 50,000 are employed. he rest of the people are out of work but have been actively seeking work within the past four weeks. hat is the unemployment rate in Boone? structions: Round your answer to 1 decimal place. percent
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 7WNG
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