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Suppose the population is equal to 100, there are 50 people employed .pdf

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Suppose the population is equal to 100, there are 50 people employed in jobs, and 25 people actively looking for employment but who currently do not have jobs. What is the unemployment rate Solution unemploymnet rate =( unemployed / labor force)*100 unemployed = people actively looking for work labor force = people employed + people actively looking for job unemployment rate = (25/75)*100 = 33.3%.

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Suppose the population is equal to 100, there are 50 people employed in jobs, and 25 people actively looking for employment but who currently do not have jobs. What is the unemployment rate Solution unemploymnet rate =( unemployed / labor force)*100 unemployed = people actively looking for work labor force = people employed + people actively looking for job unemployment rate = (25/75)*100 = 33.3%

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Suppose the population is equal to 100, there are 50 people employed .pdf

  • 1. Suppose the population is equal to 100, there are 50 people employed in jobs, and 25 people actively looking for employment but who currently do not have jobs. What is the unemployment rate Solution unemploymnet rate =( unemployed / labor force)*100 unemployed = people actively looking for work labor force = people employed + people actively looking for job unemployment rate = (25/75)*100 = 33.3%