Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time employed – 2 million Structural and… | Cheap Nursing Papers

Working age population- 20 million Workforce participation rate- 50% Full time employed- 7 million Part time employed – 2 million Structural and…

Working age population- 20 million

Workforce participation rate- 50%

Full time employed- 7 million

Part time employed – 2 million

Structural and Frictional unemployed – 0.4 million

Hidden unemployment – 0.2 million

The number of the workforce experiencing cyclical unemployment is :

A. 0.6 million

B. 2.4 million

C. 10 million

D. 10.6 million

Explain your answer

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