Calculate the unemployment rate and the labor force participation rate in the following cases: a. Employed: 100 million. Population: 200 million. In labor force: 110 million. Unemployment rate:   % Labor force participation rate:   % b. Unemployed: 10 million. Population: 200 million. Employed: 90 million. Unemployment rate:   % Labor force participation rate:

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
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 Calculate the unemployment rate and the labor force participation rate in the following cases:

a. Employed: 100 million. Population: 200 million. In labor force: 110 million.

Unemployment rate:
 
%
Labor force participation rate:
 
%
b. Unemployed: 10 million. Population: 200 million. Employed: 90 million.
Unemployment rate:
 
%
Labor force participation rate:
 
%
c. In labor force: 30 million. Population: 80 million. Unemployed: 3 million.
Unemployment rate:
 
%
Labor force participation rate:
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