If Labour Force Participation Rate (LFPR) is 50% and Worker Population Ratio (WPR) is 45%, what is the Unemployment Rate?
10%
Unemployment Rate is calculated as (LFPR − WPR)/LFPR × 100. Substituting the given values, (50 − 45)/50 × 100 = 10%. Hence the unemployment rate is 10%.
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Select the correct answer using the code given below:
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If the two goods are substituted, then the indifference curve will be:
The government multiplier is given by (where c = MPC and t = tax rate)
