Answered: 8. If the adult population of a city is…

8. If the adult population of a city is 1,000,000 people, and the labor force size is 600,000 people, what is the Labor Force Participation Rate?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 7QP

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8. If the adult population of a city is 1,000,000 people, and the labor force size is 600,000 people,
what is the Labor Force Participation Rate?

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