what goes in blank Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.Unemployment Rate =According to this formula, what is the unemployment rate of this economy of six people?O 33.33%40%50%60% Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as Employed, Unemployed, "Not in the labor force" ifnot in the civilian labor force but still part of the adult population, or "Not in the adult population" if not in the civilian adult population.PersonStatusDmitri is a 74-year-old professor. He teaches only one or two courses a year, but he's stillpursuing an active research agenda.Frances is a 24-year-old recent college graduateShe did not work for pay last week, but she had two job interviews.Jake is a 79-year-old retired professor. He enjoys volunteering at the local public library.Rosa is a 29-year-old who lost her job as an associate producer for a radio station. Afterspending a few weeks out of work and interviewing for several other positions, she gaveup on her job search and decided to go back to grad school. She made that decision a fewmonths ago.Nick is a famous novelist. He is spending the summer at his lake house in upstate NewYork, doing a little writing each day but mostly spending his time gardening and reading.Latasha is a 13-year-old student at West Valley Middle School. She baby-sits her youngersister and does other chores for which her parents give her an allowance of $20 per week.

The unemployment rate = 100*(number of unemployed workers/labor force)

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Economics

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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 18P

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