Year Employed (in millions) Unemployed (in millions) Unemployment Rate 2009 142.19 12.05 2010 138.50 14.96 2011...
|
Year |
Employed (in millions) |
Unemployed (in millions) |
Unemployment Rate |
|
2009 |
142.19 |
12.05 |
|
|
2010 |
138.50 |
14.96 |
|
|
2011 |
139.34 |
13.92 |
|
|
2012 |
141.64 |
12.76 |
What is the unemployment rate for each year? What happens to the unemployment rate over this time? What do you think is happening in the economy?
Homework Answers
Unemployment rate = unemployed / (employed + unemployed)
For 2011, this is calculated as: 13.92/(139.34 + 13.92) = 9.08%
We see that unemployment rate rose in 2010 but then it declined slightly. However the percentage was still high
Unemployment rate is very high in this economy which suggests that the economy must be suffering from recession and economic slump.
| Year | Employed (in millions) | Unemployed (in millions) | Unemployment Rate |
| 2009 | 142.19 | 12.05 | 7.81 |
| 2010 | 138.5 | 14.96 | 9.75 |
| 2011 | 139.34 | 13.92 | 9.08 |
| 2012 | 141.64 | 12.76 | 8.26 |
Add Answer to:
Year
Employed (in millions)
Unemployed (in millions)
Unemployment Rate
2009
142.19
12.05
2010
138.50
14.96
2011...
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can someone help me eith this asap? have a test and hust got this review paper...
can someone help me eith this asap? have a test and hust got
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can someone help me eith this asap? have a test and hust got
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Assume that after trading begins, one Q2(ch8). Suppose that the economy in Dreamland produces only three goods, as shown in this table: Tennis Racquets $40 30 $50 50 Gatorade $1.5 Tenniş Ball $2 Prices in 2009 Quantity in 2009 Prices in 2010 Quantity in 2010 a. Assuming that the base year is 2009, compute nominal GDP and real GDP in 2009 and in 2010...
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