๐ Current scenario:
โ๏ธ Task: Click (or tap) on the graph where point A โ current output โ should be located.
โน๏ธ The PPC shows sustainable full-employment output. In the short run, over-using resources (overtime, running capital hot) can push production temporarily beyond it โ that is the inflationary-gap case. In the long run, points beyond the PPC are unattainable.
Tap a scenario, then tap the category it belongs to (Frictional, Structural, Cyclical). Tap a placed card to send it back. Nothing is graded until you press Check.
Fill in both blanks using the data below, then submit.
๐ Given data: Working-age population = 250 million, Civilian labor force = 160 million, Employed = 144 million.
โ๏ธ Unemployed = Labor force โ Employed = million
๐ Unemployment rate = (Unemployed รท Labor force) ร 100 = %