Answered: Suppose some country had an adult…

Suppose some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, number of employed 14.1 million people. What is the unemployment rate?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 34CTQ: Is the higher unemployment rates for minority workers necessarily an indication of discrimination?...

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Suppose some country had an adult population of about 25 million, a labor-force participation
rate of 60 percent, number of employed 14.1 million people. What is the unemployment rate?

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