A. California has 11.1 million employed people, 6.2 million unemployed people and 7 million people not in the labor force. Compute the labor force, unemployment rate adult population, and labor force participation rate
A. California has 11.1 million employed people, 6.2 million unemployed people and 7 million people not in the labor force. Compute the labor force, unemployment rate adult population, and labor force participation rate
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A. California has 11.1 million employed people, 6.2 million unemployed people and 7 million people not in the labor force. Compute the labor force, unemployment rate adult population, and labor force participation rate.
B. You deposit $1,000 in a bank account that pays a fixed interest rate of 5% per year and it compounds annually. What will your bank account balance be in 50 years?
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