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James Paul James Paul
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A year ago
Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people.


Refer to the scenario above. Which statement is TRUE about Country Y?

▸ The labor force participation rate is about 94 percent.

▸ About 188 million people have a job.

▸ About 212 million people are considered potential workers.

▸ There are fewer than 200 million potential workers.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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astroasisastroasis
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