Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the number of unemployed is 7.5 million. Determine the labor force participation rate. (If your answer is 90%, write 90)
Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the number of unemployed is 7.5 million. Determine the labor force participation rate. (If your answer is 90%, write 90)
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 2WNG
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Suppose that the unemployment rate is 10%, the total working age population is 100 million, and the number of unemployed is 7.5 million. Determine the labor force participation rate. (If your answer is 90%, write 90)
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