In this activity, you will select a country and explore the concepts of unemployment and the phases of the business cycle as it relates to the economic well being of your selected country.
Locate a recent article (published within the last year) that addresses the unemployment theory and unemployment rate of your selected country.
You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country’s unemployment rate and how the key economic indicators align with the current phase of the business cycle. Include the following in your discussion.
Identify how unemployment is calculated.
Describe the different types of unemployment and state which type of unemployment you believe impacts your chosen country the greatest.
State your selected country’s unemployment rate.
Discuss the four phases of the business cycle.
Align the current phase of the business cycle with your selected country.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.