Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the labour force participation rate is 62.4 %, the employment level is 1 520 600 and the unemployment rate is 7.2 %, what is

If the labour force participation rate is 62.4 %, the employment level is 1 520 600 and the unemployment rate is 7.2 %, what is the unemployment level in this economy ?

a) 117,978

b) 154,839

c) 162,591

d) Cannot be determined

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Economics questions

Question

Be able to differentiate between arbitration and mediation

Answered: 1 week ago

Question

Understand how arbitrators are credentialed and selected

Answered: 1 week ago

Question

Appreciate the advantages of arbitration

Answered: 1 week ago