The population of Tavua is 23,352 people. There are 14,608 people who are currently working, and 1,492 people who qualify as unemployed. What is Tavua's unemployment rate? Put your answer in percentage form (e.g. 30.51 not 0.3051) and then round to two decimal places.
The population of Tavua is 23,352 people. There are 14,608 people who are currently working, and 1,492 people who qualify as unemployed. What is Tavua's unemployment rate? Put your answer in percentage form (e.g. 30.51 not 0.3051) and then round to two decimal places.
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
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Transcribed Image Text:The population of Tavua is 23,352 people. There are 14,608 people who are currently working, and
1,492 people who qualify as unemployed.
What is Tavua's unemployment rate?
Put your answer in percentage form (e.g. 30.51 not 0.3051) and then round to two decimal places.
Transcribed Image Text:5√K. The country has a
Country A produces GDP according to the following equation: GDP
savings rate of 17.3% and 9.5% of capital depreciates every year. What is this country's steady
state amount of GDP?
Round your final answer to two decimal places.
P
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