Suppose a hypothetical country has a total population of 100 million, of which 7 million are unemployed

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Suppose a hypothetical country has a total population of 100 million, of which 7 million are unemployed (but actively seeking work), 15 million are under 16 or institutionalized, 25 million are eligible to work but not in the labor force, and 53 million are employed. What is the LFPR?

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Contemporary Labor Economics

ISBN: 9780073375953

9th Edition

Authors: Campbell McConnell, Stanley Brue, David Macpherson

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