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Consider the following information about two nations: In nation A, the number of employed is 4,818,000 and the size of the labor force is 5,230,000.
Consider the following information about two nations: In nation A, the number of employed is 4,818,000 and the size of the labor force is 5,230,000. In nation B, the number of employed is 2,652,000 and the size of the labor force is 2,934,000.
Instructions: Round your answers to one decimal place.
a. What is the unemployment rate in each nation?
Nation A: %
Nation B: %
b. Nation A has (Click to select) the same number of fewer more unemployed workers and (Click to select) a lower the same a higher unemployment rate compared to nation B.
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