Question
1.Suppose the Bureau of Labor Statistics of the Republic of Santa Prisca announced that in April 2017, of all adult population, 1.5 million were employed,
1.Suppose the Bureau of Labor Statistics of the "Republic of Santa Prisca" announced that in April 2017, of all adult population, 1.5 million were employed, 0.6 million were unemployed, and 0.4 million were not in the labor force. Use this information to calculate
a)The adult population
b)The labor force
c)The labor-force participation rate
d)The unemployment rate
2.Suppose unemployment rate in Germany this year dropped to the lowest level ever than before. Oddly, employment rate also fell from the prior year. How was this possible?
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
