Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The labor force participation rate for this economy is what percent? The labor force participation rate is the percentage of the working-age population in the

The labor force participation rate for this economy is what percent?

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 = 235 million Working-age population = 142 million Labor force = 108 million The number of people employed = 102 million The number of people unemployed = 6 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

Exploring Economics

Authors: Robert L Sexton

5th Edition

978-1439040249, 1439040249

More Books

Students also viewed these Economics questions