There are 500 people of working age. 2500 people are working full time. 900 are working part time. 350 people are without jobs and looking for work a. Calculate the unemployment rate b. Calculate the labor force participation rate

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 32CTQ: If many workers become discouraged from looking for jobs, explain how the number of jobs could...
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There are 500 people of working age. 2500 people are working full time. 900 are working part time. 350 people are without jobs and looking for work a. Calculate the unemployment rate b. Calculate the labor force participation rate
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