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a. What do the the three reg b. What do the unemploym- c. Do these nur force particip

a. What do the the three reg b. What do the unemploym- c. Do these nur force particip

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 15CQ
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The IMF World Economic Outlook reports the following unemployment rates: Region United States Spain Venezuela Singapore 2015 5.3 22.1 7.4 1.9 2016 4.9 19.6 21.2 2.1 a. What do these numbers tell us about the phase of the business cycle in the three regions in 2016? b. What do these number tell us about the relative size of their natural unemployment rate? c. Do these numbers tell us anything about the relative size of their labor force participation rates and employment-to-population ratios? 1
Transcribed Image Text:The IMF World Economic Outlook reports the following unemployment rates: Region United States Spain Venezuela Singapore 2015 5.3 22.1 7.4 1.9 2016 4.9 19.6 21.2 2.1 a. What do these numbers tell us about the phase of the business cycle in the three regions in 2016? b. What do these number tell us about the relative size of their natural unemployment rate? c. Do these numbers tell us anything about the relative size of their labor force participation rates and employment-to-population ratios? 1
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