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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Dynamic Business Law
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs
6th Edition
1260733971, 978-1260733976
