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?
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?
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
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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?
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