using the data below calculate4. the labour force participation rate5. the official employment rate currently working23,000 volunteer workers9845(ages 13-14) looking for work12,000 (ages 15)looking for work45,600 Part-time workers56 family workers who worked 15 hrs a week234 self-employed6543 discouraged workers67,432(ages 23-25)looking for work67,890 laid off receptionists looking for work544,321(ages 16-20) looking for work)current population is 6,000,0005654 Temp workers5000 armed forces543 recent university graduatesthat are going back to graduate school3500 institutionalized

currently working 23,000 volunteer workers 9845(ages 13-14) looking for work 12,000 (ages…

Answered: using the data below calculate 4. the…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 6WNG

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using the data below calculate

4. the labour force participation rate

5. the official employment rate

currently working	23,000 volunteer workers
9845(ages 13-14) looking for work	12,000 (ages 15)looking for work
45,600 Part-time workers	56 family workers who worked 15 hrs a week
234 self-employed	6543 discouraged workers
67,432(ages 23-25)looking for work	67,890 laid off receptionists looking for work
544,321(ages 16-20) looking for work)	current population is 6,000,000
5654 Temp workers	5000 armed forces
543 recent university graduatesthat are going back to graduate school	3500 institutionalized

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