Homework Answers
option 4)
As Unemployment rate = Unemployed/ labor force
Unemployed = labor force - employed
If u = 4.5% = .045
So, Unemployed= .045*140
= 6.3 million
New employed = 140-6.3
= 133.7 million
Total aggregate hours = 133.7*1800 million hours
= 240,660 million hours
= (240,660)/100 billion
= 240.66 billion
= 241 billion
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