The number of people classified by the BLS asunemployed and the number receivingunemployment insurance benefits are notnecessarily the same, as we saw in the 3-17quiz. Starting from the beginning of the year2020, before the pandemic, to the end of2020, what happened to this ratio: numberreceiving unemployment insurance/numberunemployed?The ratio quickly increased to about 1 whenthe CARES Act took effect, and then fell below1 later in the year.The numerator and denominator bothincreased during the year, but the ratio stayedapproximately constant throughout the year.The ratio fell when unemployment was highin April and May, because a large share of thenewly unemployed were not eligible forbenefits.The ratio gradually increased, and was at itshighest at the end of 2020.

The year 2020 is an year of economic exception which would be different from all other economic…

The number of people classified by the BLS as unemployed and the number receiving unemployment insurance benefits are not necessarily the same, as we saw in the 3-17 quiz. Starting from the beginning of the year 2020, before the pandemic, to the end of 2020, what happened to this ratio: number receiving unemployment insurance/number unemployed?

The number of people classified by the BLS as unemployed and the number receiving unemployment insurance benefits are not necessarily the same, as we saw in the 3-17 quiz. Starting from the beginning of the year 2020, before the pandemic, to the end of 2020, what happened to this ratio: number receiving unemployment insurance/number unemployed?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 1P

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