Answered step by step
Verified Expert Solution
Link Copied!

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

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

Capitalist Political Economy Thinkers And Theories

Authors: Heather Whiteside

1st Edition

0429888031, 9780429888038

More Books

Students also viewed these Economics questions