How employment rate rise when unemployment rate is constant, Microeconomics

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How employment rate rise when unemployment rate is constant

Suppose the following data describe a nation's population:

Year 1 Year 2
Population 200 million 203 million
Labor Force 120 million 125 million
Unemployment rate 6 percent 6 percent

a. How many people are unemployed in each year?
b. How many people are employed in each year?
c. Compute the employment rate (i.e., number employed/population) each year.
d. How can the employment rate rise when the unemployment rate is constant?

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Microeconomics: How employment rate rise when unemployment rate is constant

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Microeconomics: How employment rate rise when unemployment rate is constant

Reference No:- TGS038499

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Should managers compromise their integrity

Q : Compute the infinite sum of the stream of profits

Q : Bearnings and profits

Q : Pretax cost of debt-aftertax cost of debt

Q : How employment rate rise when unemployment rate is constant

Q : Gain on the sale of the apartment

Q : Risk of political instability

Q : How much firm-s total revenues change if increase in price

Q : Calculate the elasticity of demand

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How employment rate rise when unemployment rate is constant

Reference No:- TGS038499

Recent Questions Asked Microeconomics

Q : Should managers compromise their integrity

Q : Compute the infinite sum of the stream of profits

Q : Bearnings and profits

Q : Pretax cost of debt-aftertax cost of debt

Q : How employment rate rise when unemployment rate is constant

Q : Gain on the sale of the apartment

Q : Risk of political instability

Q : How much firm-s total revenues change if increase in price

Q : Calculate the elasticity of demand

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