Suppose the populstion is 300 million people. Of these 70 million people are classified as not surveyed 80 million people as not in the labor force and 144 million as employed. What would be the unemployment rate in this example.
Suppose the populstion is 300 million people. Of these 70 million people are classified as not surveyed 80 million people as not in the labor force and 144 million as employed. What would be the unemployment rate in this example.
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
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Suppose the populstion is 300 million people. Of these 70 million people are classified as not surveyed 80 million people as not in the labor force and 144 million as employed. What would be the
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