Question 20 The table below shows the hypothetical values of the adult population, number of unemployed, and number of employed during September. [Click on the table to open a PDF viewable version in another tab.] Adult Population Number of Unemployed Number of Employed September 40 10 10 Suppose in October that the labor market will change from September in only two ways: 1. One of the unemployed in September still does not have a job in October but stops looking for work in October. 2. One of the employed in September enters retirement during October. The pie charts in the answer choices below give the percentages of the number of unemployed (U) and the number of employed (E), which are the two components of the labor force. Given only the above two changes and using BLS criteria, determine which of the answer choices gives the labor force composition for October. O More information is needed; specifically, the unemployment rate for October must be given.

Question 20 The table below shows the hypothetical values of the adult population, number of unemployed, and number of employed during September. [Click on the table to open a PDF viewable version in another tab.] Adult Population Number of Unemployed Number of Employed September 40 10 10 Suppose in October that the labor market will change from September in only two ways: 1. One of the unemployed in September still does not have a job in October but stops looking for work in October. 2. One of the employed in September enters retirement during October. The pie charts in the answer choices below give the percentages of the number of unemployed (U) and the number of employed (E), which are the two components of the labor force. Given only the above two changes and using BLS criteria, determine which of the answer choices gives the labor force composition for October. O More information is needed; specifically, the unemployment rate for October must be given.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4PA

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