FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show details on how to calculate labor force participation rate The labor force participation rate is the percentage of the working-age population in the

please show details on how to calculate labor force participation rate

image text in transcribed
The labor force participation rate is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population = 290 million Working-age population = 186 million Labor force = 124 million The number of people employed = 117 million The number of people unemployed = 7 million The labor force participation rate for this economy is |:|%. (Enter your response rounded to one decimal place.)

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

Managerial economics

Managerial economics

Authors: william f. samuelson stephen g. marks

7th edition

9781118214183, 1118041585, 1118214188, 978-1118041581

More Books

Students also viewed these Economics questions

Question

Water is an essential resource. For that reason moral considerations exert considerable pressure to assure that everyone has access to at least enough water to survive. Yet it appears that equity and...

Answered: 1 week ago

Question

★★★★★
A comparative balance sheet, income statement, and additional information for Shillig Doors Inc. follow. Additional information for Shillig: (a) All accounts receivable and accounts payable relate to...

Answered: 1 week ago

Question

★★★★★
please show details on how to calculate labor force participation rate The labor force participation rate is the percentage of the working-age population in the labor force. Suppose an economy is...

Answered: 1 week ago

Question

★★★★★
The following table lists the actual per-gallon prices for unleaded regular gasoline for March of each year between 2020 and 2022, together with the values of the CPIs for those years in the US. For...

Answered: 1 week ago

Question

★★★★★
The square loop of wire in Figure P27.21 carries a current, and an external magnetic field is directed out of the page everywhere. If the magnetic force exerted on side 1 is to the right, determine...

Answered: 1 week ago

Question

★★★★★
Suppose that the following information represents the complete trade data for each country. Use these data and Equation 5.1 to calculate values of IIT for each country. Exports ($) Imports ($)...

Answered: 1 week ago

Question

★★★★★
For a given flight with a capacity of 85 seats, price and demand are as follows (assume a marginal cost is $0): a. What is the maximum profit that can be achieved with only a single price? b. A fence...

Answered: 1 week ago

Question

★★★★★
Visit Blogger or WordPress and sign up for a free blogging account. Complete your profile and add the standard blog components to your blog layout. 1. Now write your first post (your instructor may...

Answered: 1 week ago

Question

★★★★★
In the circuit of Fig. 9-55, v 1 = 6 cos t and v 2 = cos (t + 60). Find v A if = 2 rad/sec. +1 H9 ele A 0.5 F HH 1 F 4 H 1 +1 V2

Answered: 1 week ago

Question

★★★★★
=+ b. A change in weather patterns increases the depreciation rate.

Answered: 1 week ago

Question

★★★★★
=+growth. Use the graph to fi nd what happens to steady-state capital per worker and income per worker in response to each of the following exogenous changes.

Answered: 1 week ago

Question

★★★★★
=+ d. (Harder) Use calculus to fi nd the marginal product of capital. Add to your table from part (c) the marginal product of capital net of depreciation for each of the saving rates. What

Answered: 1 week ago

Previous Question Next Question