Unemployment and Inflation (Chapter 9) Working-age population 235,900 Employment Unemployment Unemployment rate 9.4% Labor force Labor force participation rate 65.5% 2.1 Fill in the missing values in the table of data collected in the household survey for December, 1996. The working-age population, employment, unemployment, and labor force are measured in thousands. Show your work 2.2 Explain what economists mean by full employment and why this rate of unemployment is not zero

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
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Unemployment and Inflation (Chapter 9)
Working-age population
Employment
235,900
Unemployment
Unemployment rate
Labor force
9.4%
Labor force participation rate
65.5%
2.1 Fill in the missing values in the table of data collected in the household survey for December, 1996.
The working-age population, employment, unemployment, and labor force are measured in thousands.
your work
Show
2.2 Explain what economists mean by full employment and why this rate of unemployment is not
zero
Transcribed Image Text:Unemployment and Inflation (Chapter 9) Working-age population Employment 235,900 Unemployment Unemployment rate Labor force 9.4% Labor force participation rate 65.5% 2.1 Fill in the missing values in the table of data collected in the household survey for December, 1996. The working-age population, employment, unemployment, and labor force are measured in thousands. your work Show 2.2 Explain what economists mean by full employment and why this rate of unemployment is not zero
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