In October 2020 on Sandy Island, 10,000 were employed, 1,000 wereunemployed, and 5,000 were not in the labor force.Calculate the unemployment rate and the employment-population ratio.>>> Answer to 1 decimal place.3 tries leftThe unemployment rate is Type percent.

When those who are ready and able to work cannot find a job, it is referred to as unemployment.…

In October 2020 on Sandy Island, 10,000 were employed, 1,000 were unemployed, and 5,000 were not in the labor force. Calculate the unemployment rate and the >>> Answer to 1 decimal place. 3 tries left employment-population ratio. The unemployment rate is Type percent.

In October 2020 on Sandy Island, 10,000 were employed, 1,000 were unemployed, and 5,000 were not in the labor force. Calculate the unemployment rate and the >>> Answer to 1 decimal place. 3 tries left employment-population ratio. The unemployment rate is Type percent.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section15.2: Job Search

Problem 2QQ

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Question

In October 2020 on Sandy Island, 10,000 were employed, 1,000 were
unemployed, and 5,000 were not in the labor force.
Calculate the unemployment rate and the employment-population ratio.
>>> Answer to 1 decimal place.
3 tries left
The unemployment rate is Type percent.

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