What is the unemployment rate?

Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working What is its unemployment rate?


Now suppose 4,000 of the people looking for work get discouraged and give up their searches What happens to the unemployment rate? Would you interpret this as good news for the economy or bad news? Explain in 3 pages

My Homework Nest
Calculate your paper price
Pages (550 words)
Approximate price: -