Assignment

1. It. I QUESTION TWO a) Discuss three major causes of involuntary unemployment in an economy b) In a survey to measure the unemployment rate in an economy, 15% reported that they were self- employed, 10% worked in a family member's business. Also, 15% reported that they are employees who are on vacation or ill. ?% reported that they have given up on searching for a job aftei a long search. 20% reported that they are full time students. The rest reported that they have been actively been looking for work with no success. Again, 5% reported that they are marginally attached to the current job. There are 6% of people who reported that they were working part time due to economic reasons. The sample size used for this study was 60,000 households made of individuals who are 16 years and above. i. Find the number of people who are unemployed. ii. What is the total number of people who are employed in this economy? iii. Find the total number of people who are in the labour force. iiii. Calculate the unemployment rate based on U3 and U4, U5 and U6I[Watch the video here: h_ttps:ffwww.khanacademyr economics-nance- domaina'core-nancefcurrent- economicsfunemployment-tutorialivfunemploment? modal=l v. Discuss three measures the present government must put in place to minimize the unemployment level among the youth in Ghana