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URGENT!!!! Exercise (8.33 Points) (Time: 10 min) (Unemployment) In millions Total Noninstitutionalized, civilian working-age population 285 People incapable of working 45 People not looking for

URGENT!!!! image text in transcribed
Exercise (8.33 Points) (Time: 10 min) (Unemployment) In millions Total Noninstitutionalized, civilian working-age population 285 People incapable of working 45 People not looking for work 50 Employed workers 178 Use the information in the table above to calculate a. The unemployment rate. (show your calculations and explain) b. The labor-force participation rate (show your calculations and explain)

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