In 2019, the Labor Force Survey measured the economically active population is 40 million, the employment number is 30 million, and the working-age population is 60 million. Calculate the following for 2019 a) find the unemployment rate: b) find the Labour force participation rate
In 2019, the Labor Force Survey measured the economically active population is 40 million, the employment number is 30 million, and the working-age population is 60 million. Calculate the following for 2019 a) find the unemployment rate: b) find the Labour force participation rate
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 7CQ
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In 2019, the Labor Force Survey measured the economically active population is 40 million, the employment number is 30 million, and the working-age population is 60 million. Calculate the following for 2019
a) find the
b) find the Labour force participation rate
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