Question
Labor Force Data for Texas: Data Series Total (million)@ Dec 2019 Unemployed0.490 Employed 13.697 3. Given the labor information for Texas above, calculate the following:
Labor Force Data for Texas:
Data Series Total (million)@ Dec 2019
Unemployed0.490
Employed 13.697
3. Given the labor information for Texas above, calculate the following:
(i) The size of the labor force (10 points)
(ii) The unemployment rate (10 points)
4. Suggest and briefly describe a policy to the government of Texas that may reduce the unemployment rate. (20 points)
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
