The Data of Macroeconomics-Work It Out Question 3 An economy has 560 people divided among the...

 

Transcribed Image Text:

The Data of Macroeconomics-Work It Out Question 3 An economy has 560 people divided among the following groups: 200 have full-time jobs, 10 have one part-time job, 100 have two part-time jobs, 5 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have given up looking, 120 are running their own businesses, 80 are retired, and 30 are small children. Round your answers to two places after the decimal where necessary b. Calculate the number of unemployed individuals and the unemployment rate. Unemployed: individuals Unemployment rate: The Data of Macroeconomics-Work It Out Question 3 An economy has 560 people divided among the following groups: 200 have full-time jobs, 10 have one part-time job, 100 have two part-time jobs, 5 would like to work and are looking for jobs, 15 would like to work but are so discouraged they have given up looking, 120 are running their own businesses, 80 are retired, and 30 are small children. Round your answers to two places after the decimal where necessary b. Calculate the number of unemployed individuals and the unemployment rate. Unemployed: individuals Unemployment rate:

Answer rating: 100% (QA)

To calculate the number of unemployed individuals we need to subtract the nu... View the full answer