find the unemployment rate from the following data: frictional unemployment =150, structual...

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find the unemployment rate from the following data: frictional unemployment =150, structual unemployment=200, cyclical unemployement=225, discouraged workers=25, underemployed workers=75, fully employed workers=850, total population=2,000

Robert · Accepted Answer

Total number of unemployed or underemployed people = 150 + 200 + 225 + 75 = 650 
Total number of employed workers = 850 
Hence, total labour force size = 650 + 850 = 1,

find the unemployment rate from the following data: frictional unemployment =150, structual unemployment=200, cyclical unemployement=225, discouraged workers=25, underemployed workers=75, fully...

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