Suppose that in Workaholia the total population = 240 million, 60 million people are ineligible to work, and 40 million people are eligible to work but choose not to. If the number of Unemployed is 5 million, how much cyclical unemployment is there in Workaholia? Select one: a. 2.37% b. 1.43% c. 0.0% d. - 1.43% e. - 2.37%
Suppose that in Workaholia the total population = 240 million, 60 million people are ineligible to work, and 40 million people are eligible to work but choose not to. If the number of Unemployed is 5 million, how much cyclical unemployment is there in Workaholia? Select one: a. 2.37% b. 1.43% c. 0.0% d. - 1.43% e. - 2.37%
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Unemployment
Section: Chapter Questions
Problem 4PA
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Suppose that in Workaholia the total population = 240 million, 60 million people are ineligible to work, and 40 million people are eligible to work but choose not to. If the number of Unemployed is 5 million, how much cyclical unemployment is there in Workaholia?
Select one:
a. 2.37%
b. 1.43%
c. 0.0%
d. - 1.43%
e. - 2.37%
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