Suppose that some country has 150 million employed persons, 20 million unemployed persons, and 200 million adults. Calculate the labor-force participation rate. This is a percentage, so remember to multiply the ratio by 100

Suppose that some country has 150 million employed persons, 20 million unemployed persons, and 200 million adults. Calculate the labor-force participation rate. This is a percentage, so remember to multiply the ratio by 100

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 35CTQ: While unemployment is highly negatively correlated with the level of economic activity, in the real...

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