If between June 20 10 and June 20 11 the labour force were to grow by 3%,
output per person employed were to grow by 4%, and aggregate output (GDP) were to grow by 6%, then:
A. employment would increase and the unemployment rate would fall.
B. employment would increase and the unemployment rate would rise.
C. employment would decrease and the unemployment rate would rise.
D. employment would decrease and the unemployment rate would fall.
Explain your answer in detail.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.