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2. Suppose for an economy: total population, 1000; population under 16 years of age or institutionalized, 220; not in labor force, 260; unemployed, 30; part-time
2. Suppose for an economy: total population, 1000; population under 16 years of age or institutionalized, 220; not in labor force, 260; unemployed, 30; part-time workers looking for full-time jobs, 20. What is the labor force participation rate? What is the unemployment rate? What is the underemployment rate? just answer is okay
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
