Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Number of employed people 335,915 Number of unemployed people 25,773 Total population over age 16 515,999 Information concerning the fictitious small island nation of Llamalandia
Number of employed people | 335,915 |
---|---|
Number of unemployed people | 25,773 |
Total population over age 16 | 515,999 |
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information in the table to answer the relatedquestions.
For the percentages, round your answers to two decimalplaces.
What is the size of the labor force?
How many people are out of the labor force?
What is the unemployment rate?
What is the total labor force participation rate?
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