Question
Arizona has a total population of 3 million, of which 65 percent are adults. Assume that 25 percent of the adult population is not looking
Arizona has a total population of 3 million, of which 65 percent are adults. Assume that 25 percent of the adult population is not looking for a job and that 65 percent of the remaining adult population is employed. Compute the following:
a. Labor-force participation rate
b. Unemployment rate
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Global Business Today
Authors: Charles W. L. Hill Dr, G. Tomas M. Hult
10th edition
1259686698, 978-1259686696
