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Suppose the number of employed people in an economy is 1 3 6 , 2 8 6 , 6 0 0 . The unemployment rate
Suppose the number of employed people in an economy is The unemployment rate in this economy is percent, and the labor force participation rate is percent. a What is the size of the labor force? marks b How many people are unemployed? Explain. marks c What is the size of the workingage population?
Suppose the number of employed people in an economy is The unemployment rate in this
economy is percent, and the labor force participation rate is percent.
a What is the size of the labor force? marks
b How many people are unemployed? Explain. marks
c What is the size of the workingage population?
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