Suppose you are given the following information: Total Population Working-Age Population Unemployed a. If the labour force participation rate is 70.0%, what is the size of the labour force: million. (Enter your response rounded to one decimal place) b. How many workers are employed? million. (Enter your response rounded to one decimal place.) c. What is the unemployment rate? %. (Enter your response as a percentage rounded to two decimal places.) 35 million 32 million 4 million

Suppose you are given the following information: Total Population Working-Age Population Unemployed a. If the labour force participation rate is 70.0%, what is the size of the labour force: million. (Enter your response rounded to one decimal place) b. How many workers are employed? million. (Enter your response rounded to one decimal place.) c. What is the unemployment rate? %. (Enter your response as a percentage rounded to two decimal places.) 35 million 32 million 4 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Market price is always more than factor cost. True /False
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