Question
In the Economy of Marcoland 62.1 percent of the population is employed, while the unemployment rate is 7.5 percent. Calculate the labor force participation rate.
In the Economy of Marcoland 62.1 percent of the population is employed, while the unemployment rate is 7.5 percent. Calculate the labor force participation rate.
Labor Force Participation Rate = _____ percent. (Enter your response rounded to one decimal place).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
