Civilian population of a country is equal to 237,8 million. Labor force was only 153,8 million. What is participation rate? If 139 million of those in the labor force were employed, 14,8 million were unemployed. What is unemployment rate?

Civilian population of a country is equal to 237,8 million. Labor force was only 153,8 million. What is participation rate? If 139 million of those in the labor force were employed, 14,8 million were unemployed. What is unemployment 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 6WNG

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Question

Civilian population of a country is equal to 237,8
million. Labor force was only 153,8 million.
What is participation rate?
If 139 million of those in the labor force were
employed, 14,8 million were unemployed.
What is unemployment rate?

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