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In: Economics

A. If the total population (age 16 and over) is 40 million, 1 million are unemployed,...

A. If the total population (age 16 and over) is 40 million, 1 million are unemployed, and 24 million currently hold jobs, how big is the labor force? _____________________________ what is the unemployment rate? _________________________ the labor force participation rate? _______________________________

B. What is the impact on the labor force participation rate when women move from working in the home to working outside the home?

C. What is the natural rate of unemployment?

D. What is cyclical unemployment?

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Rahul Sunny answered 2 years ago
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