Suppose that:a. The unemployment rate is %.(Enter your response rounded to two decimal places.)b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified asc. Based on the above figures, the labour force participation rate is(Enter your response rounded to two decimal places.)percent.Adult population:Employed adults:Unemployed adults:261 million147 million11 million

a. The unemployment rate is (Enter your response rounded to two decimal places.) b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places.)

a. The unemployment rate is (Enter your response rounded to two decimal places.) b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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q2
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