Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In addition to the unemployment rate, the BLS also calculates the labor force participation rate and the employment to population ratio. Imagine talking to that

In addition to the unemployment rate, the BLS also calculates the labor force participation rate and the employment to population ratio. Imagine talking to that young child again, (using your own words, and words that someone who hasn't done any of the reading or have much knowledge of the economy, how can you help a person understand?) what is the civilian working age population? how do you calculate the labor force participation rate? how do you calculate the employment to population ratio

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

Recommended Textbook for

Macroeconomics

Authors: N. Gregory Mankiw, William M. Scarth

5th Canadian Edition

1464168504, 978-1464168505

More Books

Students also viewed these Economics questions

Question

0132753065.pdf Needthejournalentries:...

Answered: 1 week ago

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago