Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. In May 2015, the economy of Coral saw that 11,000 people were employed, 900 were unemployed, and 4,000 were not in the labour force.
3.In May 2015, the economy of Coral saw that 11,000 people were employed, 900 were unemployed, and 4,000 were not in the labour force. During June 2015, 80 people lost their jobs and didn't look for new ones, 20 people quit their jobs and retired, 90 unemployed people were hired, 40 people quit the labour force, and 60 people entered the labour force to look for work.
Calculate the following for the end of June 2015:
a.The number of people unemployed
b.The number of people employed
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started