Chapter 7: Problem 27
What is structural unemployment? Give examples of structural unemployment.
Short Answer
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Chapter 7: Problem 27
What is structural unemployment? Give examples of structural unemployment.
These are the key concepts you need to understand to accurately answer the question.
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Get started for freeMany college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?
What is the difference between being unemployed and being out of the labor force?
What forces create the natural rate of unemployment for an economy?
Suppose 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 "not in the labor force?" What are the proportions of employed, unemployed and not in the labor force in the population? Hint: Proportions are percentages.
What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?
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