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Category > Economics Posted 31 May 2017 My Price 5.00

Consider a country with 300 million residents, a labor force of 150 million, and 10 million unemployed

Consider a country with 300 million residents, a labor force of 150 million, and 10 million unemployed. Answer the following questions:

a. What is the labor-force participation rate?

b. What is the unemployment rate?

c. If 5 million of the unemployed become discouraged and stop looking for work, what is the new unemployment rate?

 

Answers

Alpha Geek
(8)
Status NEW Posted 31 May 2017 08:05 AM My Price 5.00

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file 1496220162-Answer.docx preview (122 words )
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