11. Use the following data to calculate (a) the size of the labor force and (b) the official unemploymentrate: total population, 600; population under 16 years of age or institutionalized, 120; not in labor force,150; unemployed, 23; part-time workers looking for full-time jobs, 10.(a) the size of the labor force:(b) the official unemployment rate:(c) What is the full-employment rate of unemployment (or NRU) today?percent(d) Would you say that the above example shows a year of full employment? ( Yes, No).

Answered: Image /qna-images/answer/c7e04b14-4090-4977-aaf9-3a47d31fb26b.jpg

Answered: 11. Use the following data to calculate…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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