MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter P3, Problem 7KC
To determine
The worker who takes his own life because of the
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(d)
The following details refer to the employment position in The Bahamas in 2014.
Employees in employment
Unemployed
169040
28295
(i)
Calculate the total labour force.
[1]
(ii)
Calculate the unemployment rate. Show your working.
[3]
Question 11 The unemployment rate measures: the number of people unemployed divided by the number of people employed. O unemployed workers as a percentage of the labor force. O unemployed workers as a percentage of the population age over-sixteen. O unemployed workers as a percentage of the population.
Challenge Question: Suppose that the U.S. adult population is 230 million and the labor force participation rate is 67 percent. What is the size of the U.S. labor force?
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