The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. What can we say about the labor force participation rate? It may be smaller, equal to, or greater than 94 percent if 80 percent of the 400 people in Country Y are considered potential workers. b. It is equal to 94 percent. C. It is greater than 94 percent if there are no discouraged workers. d. It is smaller than 94 percent if 80 percent of the 400 people in County Y are considered potential workers. ×

The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. What can we say about the labor force participation rate? It may be smaller, equal to, or greater than 94 percent if 80 percent of the 400 people in Country Y are considered potential workers. b. It is equal to 94 percent. C. It is greater than 94 percent if there are no discouraged workers. d. It is smaller than 94 percent if 80 percent of the 400 people in County Y are considered potential workers. ×

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 8P

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