Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table below represent the framework of the labor force in an economy. Male FemaleTeenagers Natural rate of Unemployment 4.8%4.5%13.4% % of labor force 55%30%15% a-

Table below represent the framework of the labor force in an economy.

Male FemaleTeenagers

Natural rate of Unemployment 4.8%4.5%13.4%

% of labor force 55%30%15%

a- What is the natural rate of unemployment for the entire labor force?

Now suppose the development of internet employment services change the structure of unemployment as follow.

MaleFemaleTeenagers

Natural rate of Unemployment4.3% 4.0%12.4%

b- What is the natural rate of unemployment for the entire labor force

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_2

Step: 3

blur-text-image_3

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

Puzzle Of Latin American Economic Development

Authors: Patrice Franko

2nd Edition

0742524663, 9780742524668

More Books

Students also viewed these Economics questions