Refer to the table below for the following question. Suppose this economy has labor force participation rate of 80%. How many people are in the working population? Category Number of people Employed 48100 Not employed and searching for work 10900 Not employed and not searching for work 6600 Under 16 11000
Refer to the table below for the following question. Suppose this economy has labor force participation rate of 80%. How many people are in the working population? Category Number of people Employed 48100 Not employed and searching for work 10900 Not employed and not searching for work 6600 Under 16 11000
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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Refer to the table below for the following question. Suppose this economy has labor force participation rate of 80%. How many people are in the working population?
Category | Number of people |
Employed | 48100 |
Not employed and searching for work | 10900 |
Not employed and not searching for work | 6600 |
Under 16 | 11000 |
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