Bundle: Macroeconomics, Loose-leaf Version, 13th + MindTap Economics, 1 term (6 months) Printed Access Card
Bundle: Macroeconomics, Loose-leaf Version, 13th + MindTap Economics, 1 term (6 months) Printed Access Card
13th Edition
ISBN: 9781337742412
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
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Chapter 6, Problem 2WNG
To determine

The rate of unemployment.

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In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working but are looking for jobs. What is the unemployment rate?
Suppose that the number of non-institutional civilian (working age) population is 150 million. Of those, 20 million are neither working nor looking for jobs. If the number of people employed is 100 million, what is the unemployment rate?
If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labour force, 10 million unemployed and and 150 million employed, what is the unemployment rate?
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