645:42labor force is 180 million. The number of employed workers in this economy isMultiple Choice166.5 million.13.5 million.174.6 million.15.7 million.< Prev56 of 80Next >

In explaining the concept of the labor force and the calculation of employed workers within an…

Answered: 6 45:42 labor force is 180 million. The…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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123.) This question is based on the following information about Rugrats: (The data below represents only Rugrats, of Winnecut, who are over the age of 16.) 10,000 Rugrats live in Winnecut 7000 Rugrats are employed 2000 Rugrats are not employed and are not looking for work 1000 Rugrats are not employed, but are looking and available for work The labor force participation rate in Winnecut is: 12.5% 20% 70% 80%
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fill in the blank year population employed unemployed labor force unemp. Rate LFPR 1.0 300 1000 0.50 2.0 1800.00 800 0.70 3.0 1600.00 700 0.45 0.80
Use the labour market information given below to answer the following questions: * Total opulation = 10 milliol Working - a * ge population = 7.5 million Labour force = 6 million Unemployed = 1 million Calculate the number of individuals (in millions) not in the labour force. a) 2.5 b) 1 c) 1.5 d ) 4.0
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6 45:42 labor force is 180 million. The number of employed workers in this economy is Multiple Choice 166.5 million. 13.5 million. 174.6 million. 15.7 million. < Prev 56 of 80 Next >