Solution-Compute growth rate of both the official

Compute growth rate of both the official unemployment rate

Reference no: EM13841575

Unemployment Data

year	civilian labor force (# of workers)	unemployed workers	discouraged workers	Total pool of potential workers
t_-2	1000	80	21	2100
t_-1	1200	85	20	2000
t₀	1400	90	19	1900
t₊₁	1600	95	18	1800
t₊₂	1800	100	18	1800

From the data in Table above compute the official rate of unemployment and draw graph.
Compute the growth rate of both the official unemployment rate and depict in a graph.
What is the labor force participation rate? Using the total pool of potential workers is given in the last column of Table above compute the labor force participation rates.
What is the capacity utilization rate? What is meant by the 'target' capacity utilization rate?
What is potential output? Draw a graph that shows this for both upturns and downturns in the economy.

Reference no: EM13841575

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Compute growth rate of both the official unemployment rate

Reference no: EM13841575

Reference no: EM13841575

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