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A country with a civilian population of 120000 all over age

A country with a civilian population of 120000 (all over age 16) has 100000 employed and 10000 unemployed persons, of which 5000 are frictionally unemployed and another 3000 structurally unemployed.

A. What is the size of the labor force?

B. What is the actual unemployment rate?

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Macroeconomics: A country with a civilian population of 120000 all over age

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: A country with a civilian population of 120000 all over age

Reference No:- TGS0669761

Have a Question? (oR Write a Review)

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Macroeconomics: A country with a civilian population of 120000 all over age

Reference No:- TGS0669761

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