This lesson covers Topics 2.3 in the AP Syllabus. Today we will study unemployment.
Assignments
Read: Krugman (Modules 12 and 13)
Watch: The video lecture for today's topic (linked above).
Optional: The video linked below.
Formative Assessment (MCQ's): You will take a formal assessment during class. The assessment will consist of multiple-choice questions and one FRQ from an old AP Exam. Doing the problem of the day and ensuring that you understand it will help you prepare for today's formative assessment and help to ensure that you understand the concepts in this lesson.
Problem of the Day
The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145,993,000 were employed, 7,381,000 were unemployed, and 79,436, 000 were not in the labor force. Use this information to calculate the:
Adult population
Labor force
Labor-force participation rate
Unemployment rate