Suppose that over the course of a year 100 people are unemployed for four weeks each (the short-term unemployed) , while 10 people are unemployed for 52 weeks each (the long-term unemployed) . Approximately what percentage of the total spells of unemployment were attributable to the long-term unemployed?
A) 9 percent
B) 10 percent
C) 43.5 percent
D) 56.5 percent
Correct Answer:
Verified
Q41: By paying efficiency wages, firms contribute to
Q43: Most spells of unemployment are _ term,
Q47: Recent data suggest that structural unemployment in
Q48: Discouraged workers or searchers are counted as:
A)part
Q49: The generosity of employment-insurance benefits is measured
Q50: Examples of "active" labour-market policies include all
Q53: Paying efficiency wages helps firms reduce the
Q53: Short-term unemployment is most likely to be
Q54: Transitions into and out of the labour
Q70: Much of the difference in unemployment rates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents