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Use the following information to answer questions #19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the labor force participation rate in ABC? O a. (40/50) x 100% = 80.0% O b. (30/40) x 100% = 75.0% O c. (5+30\/40) x 100% = 87.5% O d. ((5+20)/30) x 100% = 83.3%

Use the following information to answer questions #19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the labor force participation rate in ABC? O a. (40/50) x 100% = 80.0% O b. (30/40) x 100% = 75.0% O c. (5+30\/40) x 100% = 87.5% O d. ((5+20)/30) x 100% = 83.3%

Economics For Today
Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 1SQ
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Use the following information to answer questions #19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the labor force participation rate in ABC? Oa. (40/50) x 100% = 80.0% O b. (30/40) x 100% = 75.0% O c. ((5+30)/40) x 100% = 87.5% O d. (5+20)/30) x 100% = 83.3% Next page s page MacBook Air
Transcribed Image Text:Use the following information to answer questions #19 and #20. Suppose country ABC has a total population of 50 and a working-age population of 40 citizens. Of the working age population, there are 5 people who are not employed and not actively seeking work. There are 30 people who are employed. There are also 5 people who are not employed but who are actively seeking work. What is the labor force participation rate in ABC? Oa. (40/50) x 100% = 80.0% O b. (30/40) x 100% = 75.0% O c. ((5+30)/40) x 100% = 87.5% O d. (5+20)/30) x 100% = 83.3% Next page s page MacBook Air
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