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The Unemployment Rate Discussion Paper

Suppose the following data describe a nation's population: Instructions: Round your responses to two decimal places. a. What is the unemployment rate in each year? Year 1: % Year 2: % b. Between Year 1 and Year 2 , I. the number of unemployed persons II. the unemployment rate The Unemployment Rate Discussion Paper
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Step-by-step
Step 1/1








The unemployment rate can be calculated as
Unemployed / Labor force *100
The calculation is as follows -










 	Explanation for step 1









Year 1
Unemployment rate = 4.5/65*100
= 6.92%
Year 2
Unemployment rate = 4/68*100
= 5.88%
Between year 1 and year 2
1 - The unemployed persons - Decreased
2 - the unemployment rate - Decreased








Final answer








Hence the unemployment rate in year 1 was 6.92% and in year 2 it was 5.88%. The unemployed people and unemployment rate , both have decreased The Unemployment Rate Discussion Paper

Expert Answer

The Unemployment Rate Discussion Paper Suppose the following data describe a nation's population: Instructions: Round your responses to two decimal places. a. What is the unemployment rate in each year? Year 1:  Year 2:  b. Between Year 1 and Year 2 , I. the number of unemployed persons II. the unemployment rate The Unemployment Rate Discussion Paper

ORDER YOUR PAPER NOW

Step-by-step

Step 1/1
The unemployment rate can be calculated as
Unemployed / Labor force *100
The calculation is as follows -
  • Explanation for step 1
Year 1
Unemployment rate = 4.5/65*100
= 6.92%
Year 2
Unemployment rate = 4/68*100
= 5.88%
Between year 1 and year 2
1 - The unemployed persons - Decreased
2 - the unemployment rate - Decreased
Final answer
Hence the unemployment rate in year 1 was 6.92% and in year 2 it was 5.88%. The unemployed people and unemployment rate , both have decreased The Unemployment Rate Discussion Paper

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