Question
Calculate the rate of unemployment in an economy in which the number of people unemployed is 1,000 and the number of people employed is 9,000.
Calculate the rate of unemployment in an economy in which the number of people unemployed is 1,000 and the number of people employed is 9,000.
How would your result if the number of employed increased to 10,000? Are your calculations consistent to the other student's findings?
Please provide the formula used.
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
