Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mailings Review View Help ses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing FALL 2022 ASSIGNMENT 3 ECON 1020
Mailings Review View Help ses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing FALL 2022 ASSIGNMENT 3 ECON 1020 D: PRINCIPLES OF MACROECONOMICS. QUESTION ONE a) In the table below are statistics showing the labor force and total employment during year 1 and year 5. (Number of persons is in thousands.) Year 1 Year 5 Labor force 95,450 108,250 Employed 90,325 100,830 Unemployed Unemployment rate i) Make the computations necessary to complete the table. [4 marks) ii) How is it possible that both employment and unemployment increased? [2 marks) ifi) Would you say that year 5 was a year of full employment? [2 marks) iv) Why is the task of maintaining full employment over the years more than just a problem of finding jobs for those who happen to be unemployed at any given time? [2 marks) b) Explain the causes of unemployment in Kenya. [5 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started