Question: Suppose the following data describe a nation's population: (a) What is the unemployment rate in each year? (b) Has the economy experienced an increase or

Suppose the following data describe a nation's population:

(a) What is the unemployment rate in each year?
(b) Has the economy experienced an increase or a decrease in
i. The number of unemployed persons?
ii. The unemployment rate?

Year 1 Year 2 310 million 150 million 320 mllion 160 mllion 9.0 million Population Labor force 8.7 million Unemployed

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