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Business, 28.11.2019 23:31 getse61

Exhibit 20-1 working-age labor employed labor average annual population force force hours per employee 195 million 140 million 130 million 1,800 hours reference: ref 8-1 according to the data in exhibit 20-1, if economic conditions change such that the unemployment rate declines to 4.5 percent, what is the new value of aggregate hours? 211 billion hours per year 205 billion hours per year aggregate hours will be unaffected. 241 billion hours per year 220 billion hours per year

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Exhibit 20-1 working-age labor employed labor average annual population force force hours per employ...
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