Employed unemployed 3000 25000 3000 28000 1071

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(Employed + Unemployed), 3,000 / (25,000 + 3,000 = 28,000) = 10.71 Country C : Employed = Labor Force - Unemployed, 40,000 – 4,000 = 36,000 Unemployed = Labor Force – Employed, 40,000 - 36,000 = 4,000 Labor-Force Participation Rate = Labor force ÷ Working Age Non-institutionalized Population, 40,000 ÷ 70,000= 57.14
Unit 5 [ AB204: Macroeconomics ] 4) The following table indicates U.S. real GDP data. Calculate real GDP per person for 1987 and 2005. Then use real GDP per capita to compute the percentage change in real GDP per person from 1987 to 2005.
Unit 5 [ AB204: Macroeconomics ] Reference: Mankiw, N. (2015). Principles of Macroeconomics, 7e, 7th Edition . [VitalSource Bookshelf Online]. Retrieved from .com/# /books/9781305156067/

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