Principles of Economics 2e
Solutions
Principles of Economics 2e
Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?
Whether US unemployment rates are higher, lower or the same as that in other high-income countries is to be determined.
The unemployment rates in US and in some of the other high-income countries are listed in the following table.
| Countries | 1991 | 1996 | 2001 | 2006 | 2012 |
| US | 6.8% | 5.4% | 4.8% | 4.4% | 8.1% |
| Canada | 9.8% | 8.8% | 6.4% | 6.2% | 6.3% |
| Japan | 2.1% | 3.4% | 5.1% | 4.5% | 3.9% |
| France | 9.5% | 12... |
Chapter 21 Solutions
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