Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and anunemployment rate of 8 percent. How many people were unemployed?1) 2.54 million2) 2.76 million3) 3.68 million4) 8 million Job searchO 1) is one reason economies always experience some unemployment.2) is the process of matching workers with appropriate jobs.3) results in frictional unemployment.4) All of the above are correct.

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Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were unemployed? O 1) 2.54 million 2) 2.76 million 3) 3.68 million 4) 8 million

Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were unemployed? O 1) 2.54 million 2) 2.76 million 3) 3.68 million 4) 8 million

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 3SQP

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Question

Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an
unemployment rate of 8 percent. How many people were unemployed?
1) 2.54 million
2) 2.76 million
3) 3.68 million
4) 8 million

Job search
O 1) is one reason economies always experience some unemployment.
2) is the process of matching workers with appropriate jobs.
3) results in frictional unemployment.
4) All of the above are correct.

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