Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The nation of Sokovia has 12,011 people over the age of 16. of them, 1,170 are self-employed, 4,275 work for companies, 714 work for the

The nation of Sokovia has 12,011 people over the age of 16. of them, 1,170 are self-employed, 4,275 work for companies, 714 work for the government, 645 do unpaid chores at home. 442 are actively looking for a job, and 195 are institutionalized. what is the labor force participation rate of Sokovia? Answer as a percent, to the nearest tenth of a percent (Note that the total of your given numbers may not add up to the total working age population, however, all categories, of people in the labor force have been given to you. )

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

Microeconomics

Authors: Roger A. Arnold

12th Edition

1285738306, 978-1285738307

More Books

Students also viewed these Economics questions

Question

Is Diller in a position to over diversify?

Answered: 1 week ago