• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of persons are in thousands.) Labor force Employed Unemployed Unemployment rate Year 1 Year 5 85,000 95,000 80,700 87,500

• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of persons are in thousands.) Labor force Employed Unemployed Unemployment rate Year 1 Year 5 85,000 95,000 80,700 87,500

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 1QR

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• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of persons are in
thousands.)
Labor force
Employed
Unemployed
Unemployment
rate
Year 1 Year 5
85,000 95,000
80,700 87,500

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