Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Bureau of Labor Shenanigans announces, of all adult Vulcans: 275,000,000 were employed, 28,000,000 were unemployed, and 189,000,000 were not in the labor force. Use

The Bureau of Labor Shenanigans announces, of all adult Vulcans:

275,000,000 were employed,

28,000,000 were unemployed, and

189,000,000 were not in the labor force.

Use the above information to calculate (Show all work in context):

  1. a) The adult population
  2. b) The labor force
  3. c) The labor-force participation rate
  4. d) The unemployment rate
  5. e) True, false, uncertain, or not enough information?

The labor force participation rate increases while the unemployment rate increases if 1,000,000 adults from the same adult population now stop looking for work?

Explain with numerical evidence

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

Dynamic Business Law The Essentials

Authors: Nancy Kubasek

1st Edition

0073377686, 9780073377681

More Books

Students also viewed these Economics questions

Question

7. One or other combination of 16.

Answered: 1 week ago

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago