module the meaning and calculation of unemployment krugman's macroeconomics for ap* 12 margaret...
TRANSCRIPT
![Page 1: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/1.jpg)
ModuleThe Meaningand Calculation of Unemployment
KRUGMAN'SMACROECONOMICS for AP*
12
Margaret Ray and David Anderson
![Page 2: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/2.jpg)
What you will learnWhat you will learn
in thisin this ModuleModule::
• How unemployment is measured
• How the unemployment rate is calculated
• The significance of the unemployment rate for the economy
• The relationship between the unemployment rate and economic growth
![Page 3: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/3.jpg)
Defining and Measuring Defining and Measuring UnemploymentUnemployment
•Labor Force Participation Rate
•Unemployment Rate
Labor forceLabor force participation rate = 100
Population age 16 and older
•Employed
•Unemployed
•Labor Force
![Page 4: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/4.jpg)
The Significance of the The Significance of the Unemployment RateUnemployment Rate
• Indicator of employment opportunity
• Overstating the true level of unemployment
• Understating the true level of unemployment
• discouraged workers
• marginally attached workers
• underemployed
![Page 5: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/5.jpg)
The Significance of the The Significance of the Unemployment RateUnemployment Rate
20020077
![Page 6: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/6.jpg)
Growth and UnemploymentGrowth and Unemployment
• Recessions and unemployment
• Economic expansions and unemployment
• Except
• Relationship between economic growth and unemployment
![Page 7: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/7.jpg)
Figure 12.1 The U.S. Unemployment Rate, 1948–2010Ray and Anderson: Krugman’s Macroeconomics for AP, First
EditionCopyright © 2011 by Worth Publishers
![Page 8: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/8.jpg)
Figure 12.2 Alternative Measures of Unemployment, 1994–2010Ray and Anderson: Krugman’s Macroeconomics for AP, First Edition
Copyright © 2011 by Worth Publishers
![Page 9: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/9.jpg)
Figure 12.4 Unemployment and Recessions, 1978–2010Ray and Anderson: Krugman’s Macroeconomics for AP, First
EditionCopyright © 2011 by Worth Publishers
![Page 10: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/10.jpg)
Figure 12.5 Growth and Changes in Unemployment, 1949–2009
Ray and Anderson: Krugman’s Macroeconomics for AP, First Edition
Copyright © 2011 by Worth Publishers
![Page 11: Module The Meaning and Calculation of Unemployment KRUGMAN'S MACROECONOMICS for AP* 12 Margaret Ray and David Anderson](https://reader036.vdocuments.mx/reader036/viewer/2022081516/56649ebe5503460f94bc8a91/html5/thumbnails/11.jpg)
Unnumbered Figure 12.1 Rocky Mountain LowRay and Anderson: Krugman’s Macroeconomics for AP, First
EditionCopyright © 2011 by Worth Publishers
July200
7