1 show that the unemployment rate ur is related to the, Ask an Expert

Economics

1. Show that the unemployment rate, ur, is related to the employment rate, er and labour force participation rate, pr as follows: ur = ( 1 - er/pr )

2. Presume the labour market is in equilibrium when the labour force participation rate is 0.60 and the employment rate is 0.55. What is the unemployment rate in this economy?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224405

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