Suppose 2000 people were surveyed, and of those 2000, 900 were working full-time. Of the 1100 not working, 250 were full-time/not-working college students, 300 were retired, 300 were under 16 years of age, 150 decided not to work, and 100 were actively looking for work. 4. Find the number of non-labor force among the 2000 surveyed. 5. What is the unemployment rate (%) of among the 2000 surveyed?

Suppose 2000 people were surveyed, and of those 2000, 900 were working full-time. Of the 1100 not working, 250 were full-time/not-working college students, 300 were retired, 300 were under 16 years of age, 150 decided not to work, and 100 were actively looking for work. 4. Find the number of non-labor force among the 2000 surveyed. 5. What is the unemployment rate (%) of among the 2000 surveyed?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 12E

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