is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population = 241 million Working-age population = 134 million Labor force 92 million The number of people employed = 85 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.)

is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population = 241 million Working-age population = 134 million Labor force 92 million The number of people employed = 85 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.)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 1SCQ: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9...

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