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Consider the following workers in the economy:
20 million employed. 1 million unemployed.
Suppose that we wish to include 1 million discouraged workers into our calculation of the
unemployment rate. What is the unemployment rate?
5%
4.7%
9%
9.5%

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  • 1. Consider the following workers in the economy: 20 million employed. 1 million unemployed. Suppose that we wish to include 1 million discouraged workers into our calculation of the unemployment rate. What is the unemployment rate? 5% 4.7% 9% 9.5%