The working age population is 49 million, out of which 22 million are employed and 6 million are unemployed. What is the labor force participation? Express your answer as percentages, rounded to 2 decimal places if necessary (43.23% should be written as 43.23 not 0.43).

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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QUESTION 1
The working age population is 49 million, out of which 22 million are employed and 6 million are unemployed. What
is the labor force participation? Express your answer as percentages, rounded to 2 decimal places if necessary
(43.23% should be written as 43.23 not 0.43).
Transcribed Image Text:QUESTION 1 The working age population is 49 million, out of which 22 million are employed and 6 million are unemployed. What is the labor force participation? Express your answer as percentages, rounded to 2 decimal places if necessary (43.23% should be written as 43.23 not 0.43).
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