The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate 25.0 12.0 5.0 2.5 2.0 a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above. % %

The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers a. Unemployment rate b. Participation rate 25.0 12.0 5.0 2.5 2.0 a. What is the unemployment rate? Enter your response in the table above. b. What is the participation rate? Enter your response in the table above. % %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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