Business, 11.08.2021 19:10 simrankaurdhatt
Suppose the town of Boone has a total population of 70,000 people. Of those, 66,000 people are employed. There are 2,000 full-time students who are not employed or actively seeking work. The rest of the people are out of work but have been actively seeking work within the past four weeks.
Required:
a. What is Boone’s unemployment rate?
b. Suppose there are 1,000 people who are unemployed as a result of frictional unemployment and 2,000 people who are unemployed as a result of cyclical unemployment. How many people are unemployed as a result of structural unemployment?
Answers: 1
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Suppose the town of Boone has a total population of 70,000 people. Of those, 66,000 people are emplo...
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