Suppose the following data describes a nations population, Ask an Expert

Economics

Suppose the following data describes a nation's population:

Year 1 Year 2
Population 200 million 204 million
Labor force 120 million 123 million
Unemployment rate 6 percent 6 percent

(a) How many people are unemployed in each year?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939481

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