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mrb0714 mrb0714
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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. What can we say about the labor force participation rate?

▸ It may be smaller, equal to, or greater than 94 percent if 80 percent of the 400 people in Country Y are considered potential workers.

▸ It is equal to 94 percent.

▸ It is greater than 94 percent if there are no discouraged workers.

▸ It is smaller than 94 percent if 80 percent of the 400 people in County Y are considered potential workers.
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Macroeconomics

Macroeconomics


Edition: 3rd
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bknyc123bknyc123
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A year ago
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mrb0714 Author
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A year ago
Helped a lot
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Brilliant ツ
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Thanks for your help!!
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