The table below shows the percentage of the labour force accounted for by males and females over a two-decade period.Assume that real GDP is equal to potential in each of the given years.
% of Labour Force
TABLE 30-4
-Refer to Table 30-4.Suppose that for each year listed the unemployment rate among males is 5% while it is 7% among females.What is the economy's NAIRU in 1960?
Definitions:
Credits
Credits refer to the accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
Customer Transaction
An operation between a business and its customer involving the sale or purchase of goods or services.
Invoices
Documents issued by a seller to a buyer that outline the products or services provided, quantities, prices, and terms of payment.
Credit Memos
Documents issued to a customer, indicating a reduction in the amount that the customer owes to the company.
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