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If the rural wage is 4 and the formal/modern sector urban wage rate is 10, rural to urban migration will persist, even with the
If the rural wage is 4 and the formal/modern sector urban wage rate is 10, rural to urban migration will persist, even with the new migrants adding to the total urban labor force, as long as the formal urban unemployment rate is: Obelow 40% none of the options Obelow 60% Obelow 70% O all of the options
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
