Question
a)Why is the number of unemployed lower than the number of people available to work?(4 marks) a)The current unemployment rate is 7% and the number
a)Why is the number of unemployed lower than the number of people available to work?(4 marks)
a)The current unemployment rate is 7% and the number of people in the labour force is 250,000. Use this information to find the following.
(I) how many people are unemployed
(ii) If the working age population is 480,000, what is the labour force participation rate?
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Technical Change, Relative Prices, And Environmental Resource Evaluation
Authors: V Kerry Smith
1st Edition
1317358570, 9781317358572
