Suppose that:a. The unemployment rate is %.(Enter your response rounded to two decimal places.)b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified asc. Based on the above figures, the labour force participation rate is(Enter your response rounded to two decimal places.)percent.Adult population:Employed adults:Unemployed adults:261 million147 million11 million

Given information: Adult population = 261 million Employed adults = 147 million Unemployed adults =…

a. The unemployment rate is (Enter your response rounded to two decimal places.) b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places.)

a. The unemployment rate is (Enter your response rounded to two decimal places.) b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places.)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 1SCQ: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9...

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