Suppose that in a population of 50 million people, 40 million are in the labour force, 36 million are employed, 2 million are classified as unable to work, and 1 million are classified as unwilling to work. The unemployment rate is... A. 10 %. В. 72 %. С. 8%. D. 80 %.

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A: Introduction We have given data of neoclassical theory of economic growth which is developed by the…

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Q: Assume the number of employed people in Pakistan is 22.5 million in 2020. The number of unemployed…

A: Labor force (LF) = Employed + Unemployed = 22.5 + 6 = 28.5 million

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A: It is known that Natural unemployment rate is 5.7%. The actual unemployment lies between the range…

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A: Labor force include all the people who are ready to work.

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A: We will answer the first question since the exact one was not specified. Please submit a new…

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A:

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A: (Q) Suppose the labour force of an economy is equal to 1,000 and the unemployment in December 2010…

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A: Answer: Unemployment rate: unemployment rate refers to the fraction of the labor force that is…

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A: Okun's law: - Okun's law shows the relationship between the unemployment rate and the output gap, it…

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A: The possibilities that cause a change in the unemployment rate according to the table given in the…

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