Chapter 7: Economic Growth, Business Cycles, Unemployment ...

The unemployment rate is the total number of unemployed as a fraction of the labor force. In this instance it is 5,689/140,910 X 100 = 4 percent. c. The employment rate is the total number of unemployed as a fraction of the labor force. ... One reason why luxury auto dealers were shutting down was the same as the argument given in (a). A second ... ................
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