Refer to the previous exercise for data and assume that three million unemployed individuals become discouraged and

Question:

Refer to the previous exercise for data and assume that three million unemployed individuals become “discouraged” and decide not to look for a job anymore. Calculate the new unemployment rate for Brazil.

Data from Previous Exercises

Use the accompanying table to calculate the following statistics for Brazil:

a) Labor force

b) Labor-force participation rate

c) Unemployment rate

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 17, 2024 11:01 PM

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Refer to the previous exercise for data and assume that three million unemployed individuals become discouraged and

Question:

Adult Population (millions) Unemployed (millions) Employed (millions) 140 7 88

Step by Step Answer:

ANSWER To calculate the new unemployment rate we need to adjust the labor force and the number of un...View the full answer

Macroeconomics Policy And Practice

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