Suppose the unemployment rate is 4.8 percent, the labour force participation rate is 62 percent, and the working age population is 108 million. How many people are employed? O a. about 52 million cross out O b. about 63.74 million cross out O C. about 67 million cross out O d. about 103 million cross out

Suppose the unemployment rate is 4.8 percent, the labour force participation rate is 62 percent, and the working age population is 108 million. How many people are employed? O a. about 52 million cross out O b. about 63.74 million cross out O C. about 67 million cross out O d. about 103 million cross out

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 4SCQ: Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or...

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