ECONOMICS TODAY: THE MACRO VIEW >CUSTOM
ECONOMICS TODAY: THE MACRO VIEW >CUSTOM
19th Edition
ISBN: 9781323850831
Author: Miller
Publisher: PEARSON C
Question
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Chapter 11, Problem 1FCT
To determine

The impact onPuerto Rico’s official unemployment rate due to the movement of people from Puerto Rico to the United States in the search for jobs.

Concept Introduction:

Unemployment Rate - A quantitative measure of the prevalence of unemployment in the country is the rate of unemployment in an economy and signifies the labor force without jobs. It is expressed as the percentage of unemployed to the total labor force.

  Unemployment Rate(u)=Number of unemployed(U)Labor Force(LF)

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