Question 13
Fall 2024
Suppose the following economy (which is not much different in size from Louisiana). How many people are cyclically unemployed?
Table 1
Labor Force Participation Rate 84.75712%
People Employed 1,573,825
Total population 2,341,192
Natural Rate of Unemployment 5.65%
Discouraged Workers 238,649
112,115
410,502
238,649
298,387
Attempt due: Oct 6 at 11:59
1 Hour, 39 Minutes, 3