Macro 2.3 - Unemployment and Labor Force Statistics

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Macro 2.3 - Unemployment and Labor Force Statistics

Рет қаралды 7,879

Күн бұрын

This video covers topic 2.3 of the AP Macroeconomics Course Exam Description (CED). This video is all about the unemployment rate, labor force participation rate, natural rate of unemployment (NRU), the 4 types of unemployment, and the problems with using the unemployment rate as an indicator of labor market health.
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Пікірлер: 12

@eylul8950 Жыл бұрын

I’m an economics student in Turkey and I take mu courses in English. All I want to say is KZfaq videos help me so much. Thank you very much for that. I hole that you would take videos like that more.

@ReviewEcon Жыл бұрын

Thank you for watching and good luck on the exams!!

@mooons9183 2 ай бұрын

heyy, does the civilian population in this case at 2:44, include everyone, even people younger than 16?

@ReviewEcon 2 ай бұрын

The BLS uses this formula for the labor force participation rate: (Labor Force ÷ Civilian Noninstitutional Population) x 100 But some countries use the entire population while others use only working age citizens. That said, the AP exam has never required any distinction. Just take those working plus those looking and divide by whatever number they give you for the population (then times 100). I hope that helps!

@mooons9183 2 ай бұрын

@@ReviewEcon thank you!!

@deeksha51 Жыл бұрын

Hey! I am self-preparing for AP Microeconomics 2023. Are your videos and notes accompanied by games ample to get a 5?🤔

@ReviewEcon Жыл бұрын

The short answer is, I don't know. . I have examined every released AP macro frq and mc question and I've designed all of my resources to prepare students to answer as many of those questions as possible (though there are always curve balls and students must be able to apply the concepts to novel questions). That said, my resources run on the assumption that a student will have a teacher to answer questions and clarify as needed. I do not know to what extent my resources work for independent learning. I hope they would be enough, but I do not know. I wish you the best of luck on this year's exam!!

@deeksha51 Жыл бұрын

Thanks for the help, sir