Question Use the below data to calculate: 1- The labor force  2- Unemployment rate  3- Population 4- Labor force participation rate

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 15RQ: What criteria do the BLS use to count someone as employed? As unemployed?
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Use the below data to calculate:
1- The labor force 
2- Unemployment rate 
3- Population
4- Labor force participation rate 

Population of Turkey – by group - 2010
Number of employed
Number of unemployed
Not in labor force
48.8 million
6.7 million
15.6 million
Transcribed Image Text:Population of Turkey – by group - 2010 Number of employed Number of unemployed Not in labor force 48.8 million 6.7 million 15.6 million
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