The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate 25.0 12.0 5.0 2.5 2.0 a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above. % %

The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate 25.0 12.0 5.0 2.5 2.0 a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above. % %

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 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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