Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part A Suppose some country had an adult population of about 50 million, a labour-force participation rate of 60 percent, and an unemployment rate of
Part A
Suppose some country had an adult population of about 50 million, a labour-force participation rate of 60 percent, and an unemployment rate of 9 percent.How many people were unemployed?
Part B
Suppose that the adult population is 6 million, the number of employed is 4 million, and the labour-force participation rate is 80%.What is the unemployment 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