Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN: 9781285635101
Author: MCEACHERN
Publisher: Cengage
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What statistic does Richard Freeman say that if an economist had predicted it, he/she would have been carted away as mad?
The following is a report from a BLS survey taker:   “There were 70 people in the houses I visited. 12 of them were children under the age of 16, 25 people had full-time jobs, and 6 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 5 full-time students over age 16, and 2 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would like one. One of these people had not looked actively for work for three months, however.”   Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.Instructions: Enter your responses as whole numbers.Labor force:        peopleWorking-age population:        peopleNumber of employed workers:        peopleNumber of unemployed workers:        people
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Microeconomics A Contemporary Intro
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ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage