Assume that that a country’s total population is 260 million. 24% of the population is under 16 years of age. In addition, 2.3% of adult population are institutionalized. Of the total labor force, 173 million are employed. What is the unemployment rate?
Assume that that a country’s total population is 260 million. 24% of the population is under 16 years of age. In addition, 2.3% of adult population are institutionalized. Of the total labor force, 173 million are employed. What is the unemployment rate?
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
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. Assume that that a country’s total population is 260 million. 24% of the population is under 16 years of age. In addition, 2.3% of adult population are institutionalized. Of the total labor force, 173 million are employed. What is the
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