Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year
In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year. What percentage of the unemployment spells you encountered was short-term, and what percentage of the unemployment you encountered in a given week was long-term?
The answer is:
d. 86.7 percent and 88.9 percent
unemployment rate:
=# of unemployed/labor force*100%
labor force=employed + unemployed
labor force is then 52+8=60
unemployment rate is 52/60*100=86.7% short term
How do I calculate the long term? Thanks
Expert Solution
Need this Answer?
This solution is not in the archive yet. Hire an expert to solve it for you.





