Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the total population of an economy is 1,000 people, with 185 in the Under 16/Institutionalized group, 265 in the Not in Labor Force group,

If the total population of an economy is 1,000 people, with 185 in the Under 16/Institutionalized group, 265 in the Not in Labor Force group, 350 employed full-time, 145 employed part-time (of which, 55 are looking for a full-time position), then the unemployment rate in this economy is

10%.

5%.

15%.

20%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economic Change In Asia Implications For Corporate Strategy And Social Responsibility

Authors: M Bruna Zolin, Bernadette Andreosso O'Callaghan, Jacques Jaussaud

1st Edition

1317286650, 9781317286653

More Books

Students also viewed these Economics questions