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Number of the workforce experiencing cyclical unemployment

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Reference no: EM132006378

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

Reference no: EM132006378

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