The nation of Fixlax has 120,000 people. Of these, 20,000 are children under the age of 16, 72000 have jobs, 8000 don'thave jobs and are looking for work, and 20,000 people are retired. Assuming that these are all noninstitutionalized civilians,what is the labor force participation rate?O 72%O 66.7%O 60%O 80% The nation of Fixlax has120,000 people. Of these,20,000 are children underthe age of 16, 72000 havejobs, 8000 don't have jobsand are looking for work, and20,000 people are retired.Assuming that these are allnoninstitutionalized civilians,what is the labor forceparticipation rate?72% 66.7% 60% 80%

This can be defined as a situation In which the person is actively finding a job and has have…

The nation of Fixlax has 120,000 people. Of these, 20,000 are children under the age of 16, 72000 have jobs, 8000 don't have jobs and are looking for work, and 20,000 people are retired. Assuming that these are all noninstitutionalized civilians, what is the labor force participation rate? O 72% οιοοιο O 66.7% O 60% O 80%

The nation of Fixlax has 120,000 people. Of these, 20,000 are children under the age of 16, 72000 have jobs, 8000 don't have jobs and are looking for work, and 20,000 people are retired. Assuming that these are all noninstitutionalized civilians, what is the labor force participation rate? O 72% οιοοιο O 66.7% O 60% O 80%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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