Question
The economy has a labor force of 135,000,000 and a population 16 years of age and older 210,000,000. Of those in the labor force, 124,000,000
The economy has a labor force of 135,000,000 and a population 16 years of age and older 210,000,000. Of those in the labor force, 124,000,000 are working. In addition, 350,000 have gotten discouraged and stopped looking for work. The Natural Rate of Unemployment is 4%
If the unemployement rate is 8.15% is the economy in a recession?
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
