Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following would cause the labor force participation rate to decrease? a.There was a decrease in the number of 70-year-old people working by

Which of the following would cause the labor force participation rate to decrease?

a.There was a decrease in the number of 70-year-old people working by 2,000.

b.15,000 people between the ages of 55-60 who were previously employed have decided to retire.

c.50,000 people who were previously employed have become unemployed.

d.100,000 people who were previously unemployed have now found jobs.

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

International Business

Authors: John Daniels, Lee Radebaugh, Daniel Sullivan

16th edition

134200055, 978-0134201542, 013420154X, 978-0134200057

More Books

Students also viewed these Economics questions

Question

Discuss in details the structure of Tanzania Financial System

Answered: 1 week ago