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The following table contains information for Ecoland in 2013. Ecoland Economy: 2013 Thousands of Persons Labour force 17,183 Employment Working-age population 15,950 25,433 Compute the unemployment rate and the labour force participation rate. OA. Unemployment rate = 7.18 percent; labour force participation rate = 67.56 percent O B. Unemployment rate = 1.15 percent; labour force participation rate = 48.82 percent OC. Unemployment rate = 8.94 percent; labour force participation rate = 99.96 percent OD. Unemployment rate = 7.23 percent: labour force participation rate = 92.84 percent

The following table contains information for Ecoland in 2013. Ecoland Economy: 2013 Thousands of Persons Labour force 17,183 Employment Working-age population 15,950 25,433 Compute the unemployment rate and the labour force participation rate. OA. Unemployment rate = 7.18 percent; labour force participation rate = 67.56 percent O B. Unemployment rate = 1.15 percent; labour force participation rate = 48.82 percent OC. Unemployment rate = 8.94 percent; labour force participation rate = 99.96 percent OD. Unemployment rate = 7.23 percent: labour force participation rate = 92.84 percent

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 2P
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The following table contains information for Ecoland in 2013. Ecoland Economy: 2013 Thousands of Persons Labour force 17,183 Employment 15,950 Working-age population 25,433 Compute the unemployment rate and the labour force participation rate. A. Unemployment rate = 7.18 percent; labour force participation rate 67.56 percent B. Unemployment rate 1.15 percent; labour force participation rate 48.82 percent O C. Unemployment rate = 8.94 percent, labour force participation rate = 99.96 percent O D. Unemployment rate = 7.23 percent: labour force participation rate 92.84 percent
Transcribed Image Text:The following table contains information for Ecoland in 2013. Ecoland Economy: 2013 Thousands of Persons Labour force 17,183 Employment 15,950 Working-age population 25,433 Compute the unemployment rate and the labour force participation rate. A. Unemployment rate = 7.18 percent; labour force participation rate 67.56 percent B. Unemployment rate 1.15 percent; labour force participation rate 48.82 percent O C. Unemployment rate = 8.94 percent, labour force participation rate = 99.96 percent O D. Unemployment rate = 7.23 percent: labour force participation rate 92.84 percent
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