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Ingy_ Ingy_
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5 years ago

Question 1.

If the labor-force participation rate is 82% and the total population 16 years of age or older is 1 million people, the labor force is



▸ 910,000 people.

▸ 820,000 people.

▸ 740,000 people.

▸ 180,000 people.

Question 2.

If the number of unemployed equals 30,000, the number of employed equals 60,000, and the number not in the labor force is 10,000, the labor-force participation rate



▸ is 90%.

▸ is 88.9%.

▸ is 67%.

▸ cannot be determined from this information.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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vvnluuvvnluu
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Ingy_ Author
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Thanks
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