Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time employed

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Working age population- 20 million

Workforce participation rate- 50%

Full time employed- 7 million

Part time employed - 2 million

Structural and Frictional unemployed 0.4 million

Hidden unemployment 0.2 million

The number of the workforce experiencing cyclical unemployment is :

A. 0.6 million

B. 2.4 million

C. 10 million

D. 10.6 million

Explain your answer

Related Book For answer-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Feb 14, 2024 05:14 AM

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Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time employed

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