The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5905 Unemployed 492 Not in the labor force 571 What is the total labor force? What is the labor force participation rate? % What is the unemployment rate? Suppose 246 of the 492 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? % What is the new unemployment rate?
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5905 Unemployed 492 Not in the labor force 571 What is the total labor force? What is the labor force participation rate? % What is the unemployment rate? Suppose 246 of the 492 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? % What is the new unemployment rate?
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 2P
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