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Table Showing data for an imaginary economy of Peaceful Land. Labor Force Status Adult Population Number employed 500,000 Number unemployed 32,000 Number in Population 800,000
Table Showing data for an imaginary economy of Peaceful Land. Labor Force Status Adult Population Number employed 500,000 Number unemployed 32,000 Number in Population 800,000 Refer to Table. The unemployment rate for this economy is a. 6.02% and the labor force participation rate is 66.5%. b. 62.5% and the labor force participation rate is 4%. c. 66.5% and the labor force participation rate is 6.02%. d. 4% and the labor force participation rate is 62.5%
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