Qusetion suppose that the number of employed people is 6, Ask an Expert

Economics

Qusetion: Suppose that the number of employed people is 6 and the number of unemployed people is 4 so that the size of the labor force is 10. The unemployment rate would be__________ percent. Now suppose that two people become discouraged and stopped looking for work. The number of unemployed people would then be _________ people and the size of the labor force would be __________. The unemployment rate would then be _______ percent.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586380

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