The economy has part time workers of 20 million people, and full time workers of 130 million people. There are 15 million who have no job and search for one. Lastly, 5 million who have no job but stop searching while waiting for a positive mood in the economy. The unemployment rate in the economy is ____%. (Your answer should include the first decimal point if there is.)
The economy has part time workers of 20 million people, and full time workers of 130 million people. There are 15 million who have no job and search for one. Lastly, 5 million who have no job but stop searching while waiting for a positive mood in the economy. The unemployment rate in the economy is ____%. (Your answer should include the first decimal point if there is.)
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
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The economy has part time workers of 20 million people, and full time workers of 130 million people. There are 15 million who have no job and search for one. Lastly, 5 million who have no job but stop searching while waiting for a positive mood in the economy.
The
(Your answer should include the first decimal point if there is.)
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