Question
Suppose the working-age population is 300 million, the labor force is 250 million, and employment is 240 million. a) What is the unemployment rate? b)
Suppose the working-age population is 300 million, the labor force is 250 million, and employment is 240 million.
a) What is the unemployment rate?
b) Now suppose that 4 million students graduate from college and begin to look for jobs. What is the new unemployment rate if none of the students have found jobs yet?
c) Suppose that all 4 million students find jobs. What is the unemployment rate now?
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Macroeconomics
Authors: Paul Krugman, Robin Wells
4th Edition
1464110379, 9781464110375
