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mlee52381 mlee52381
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A year ago
Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen have been able to find only part-time jobs. John, Peter, and Luna just had to close their coffee shop; and John and Peter are looking for a new business venture. Luna has inherited a large sum of money and feels that she does need to work anymore. Her sister Sara feels the same way. Four people in Country X are living in care facilities. Ten people are full-time students, and two of them currently are hoping to find a job. All other people are retirees or under the age of 16.


Refer to the scenario above. What is the labor force participation rate in Country X?

▸ 86 percent

▸ 81 percent

▸ 82 percent

▸ 95 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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knh1473knh1473
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A year ago
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