Chapter 8: Q 24 (page 214)
Would you expect the natural rate of
unemployment to be roughly the same in different countries?
Short Answer
No, the natural rate of unemployment cannot be roughly same in two different countries.
Chapter 8: Q 24 (page 214)
Would you expect the natural rate of
unemployment to be roughly the same in different countries?
No, the natural rate of unemployment cannot be roughly same in two different countries.
All the tools & learning materials you need for study success - in one app.
Get started for freeSuppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million (of whom 139.1 million are employed). How many people are โnot in the labor force?โ What are the proportions of employed, unemployed and not in the labor force in the population? Hint: Proportions are percentages.
What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
A country with a population of eight million adults
has five million employed, 500,000 unemployed, and the rest of the adult population is out of the labor force. Whatโs the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Whose unemployment rates are commonly higher in the U.S. economy: a. Whites or nonwhites? b. The young or the middle-aged? c. College graduates or high school graduates?
Is it desirable to pursue a goal of zero
unemployment? Why or why not?
What do you think about this solution?
We value your feedback to improve our textbook solutions.