Consider the following labour market data. Adult Population 150 Not in Labour Force 50 Unemployed 30 Calculate the number of employed, the labour force, the percentage of people not in the labour force, the rate of unemployment, and the labour force participation rate.
Consider the following labour market data. Adult Population 150 Not in Labour Force 50 Unemployed 30 Calculate the number of employed, the labour force, the percentage of people not in the labour force, the rate of unemployment, and the labour force participation rate.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1) Consider the following labour market data.
Adult Population 150
Not in Labour Force 50
Unemployed 30
Calculate the number of employed, the labour force, the percentage of people not in the labour force, the rate of
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