
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:In the city of Guangzhou, there are 1 million civilians (over 16 years old, non-institutionalized). Of
those, 300,000 are employed, and 250,000 are not employed but looking for work. Round to first
decimal place if necessary.
What is Guangzhou's labor force participation rate?
What is Guangzhou's unemployment rate?
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- Question 2 Complete the following table for a given country and show how can you determine if the country faces an inflation in 2018? Nominal GDP2017 Nominal GDP2018 Real GDP2018 P P P 4 2 3 4 3 3 4 3 6 2 GDParrow_forwardthere are 50 unemployed people, 1091 employed people, and the adult population is 1532. what is the labor force participation rate ? enter to two decimal places.arrow_forwardSuppose an economy is given by: Population = 203 million Working-age population = 124 million Labor force = 77 million The number of people employed = 70 million The number of people unemployed = 7 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)arrow_forward
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