The Data of Macroeconomics-Work It Out Question 3 An economy has 560 people divided among the following groups: 200 have full-time jobs, 10 have one part-time job, 100 have two part-time jobs, 5 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have given up looking, 120 are running their own businesses, 80 are retired, and 30 are small children. Round your answers to two places after the decimal where necessary c. Calculate total employment in two ways: as measured by the household survey and as measured by the establishment survey. Household Survey employment: individuals Establishment Survey employment: individuals
The Data of Macroeconomics-Work It Out Question 3 An economy has 560 people divided among the following groups: 200 have full-time jobs, 10 have one part-time job, 100 have two part-time jobs, 5 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have given up looking, 120 are running their own businesses, 80 are retired, and 30 are small children. Round your answers to two places after the decimal where necessary c. Calculate total employment in two ways: as measured by the household survey and as measured by the establishment survey. Household Survey employment: individuals Establishment Survey employment: individuals
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
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Transcribed Image Text:The Data of Macroeconomics - -Work It Out Question 3
An economy has 560 people divided among the following groups: 200 have full-time jobs, 10 have one part-time job, 100
have two part-time jobs, 5 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have
given up looking, 120 are running their own businesses, 80 are retired, and 30 are small children.
Round your answers to two places after the decimal where necessary
c. Calculate total employment in two ways: as measured by the household survey and as measured by the establishment survey.
Household Survey employment:
individuals
Establishment Survey employment:
individuals
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