In 2019, there were approximately 163 million people in the labor force and the unemployment rate w If the unemployment rate in 2019 had been 6 percent instead of 3.7 percent, Instructions: Round your responses to one decimal place. a. How many more workers would have been unemployed? million b. How many fewer would have been employed? million

Economics (MindTap Course List)
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Author:Roger A. Arnold
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Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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In 2019, there were approximately 163 million people in the labor force and the unemployment rate was 3.7 percent.
If the unemployment rate in 2019 had been 6 percent instead of 3.7 percent,
Instructions: Round your responses to one decimal place.
a. How many more workers would have been unemployed?
million
b. How many fewer would have been employed?
million
Transcribed Image Text:In 2019, there were approximately 163 million people in the labor force and the unemployment rate was 3.7 percent. If the unemployment rate in 2019 had been 6 percent instead of 3.7 percent, Instructions: Round your responses to one decimal place. a. How many more workers would have been unemployed? million b. How many fewer would have been employed? million
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