The Business Cycle

The Business Cycle

  • Submitted By: aldos
  • Date Submitted: 11/04/2008 11:16 AM
  • Category: Business
  • Words: 796
  • Page: 4
  • Views: 495

Unemployment
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|Population (125) |
|Working age population |Young + Institutionalized people |
|(16 years and above) |(5) |
|(120) | |
|Labor force |Not in labor force | |
|(115) |(5) | |
|Employed |Unemployed | | |
|(110) |(5) | | |

Working age population = Labor force + not on labor force

Working Labor force participation rate =
Labor force
×...

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