'Assume that an economy has the following population data: Total adults over age of 16 year: 243 million Total population in labor force: 155 million total employed population: 140 million Find the unemployed rate in this economy? 9.67% 57.6% 10.71% 63.78%'

Name: assume that an economy has the following population data total adults over age of 16 year 243 million total population in labor force 155 million total employed population 140 million find t 60346
Uploaded: 2022-07-24T12:50:30-08:00
Duration: 2 min 51 s
Channel: Haricharan Gupta
Description: assume that an economy has the following population data total adults over age of 16 year 243 million total population in labor force 155 million total employed population 140 million find t 60346

          'Assume that an economy has the following population data: Total adults over age of 16 year: 243 million Total population in labor force: 155 million total employed population: 140 million
Find the   unemployed rate in this economy?
9.67%
57.6%
10.71%
63.78%'

Added by Matthew L.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Haricharan Gupta

07/24/2022

Step 1

Given: Total population in labor force = 155 million Total employed population = 140 million Unemployed population = Total population in labor force - Total employed population Unemployed population = 155 million - 140 million Unemployed population = 15 million Show more…

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'Assume that an economy has the following population data: Total adults over age of 16 year: 243 million Total population in labor force: 155 million total employed population: 140 million Find the unemployed rate in this economy? 9.67% 57.6% 10.71% 63.78%'