a) 125 b) 180 C245 d) 295 e) 400 What is the unemployment rate? a) 3.75% b) 4.4% C 7.0% d) 7.5% e) 7.9% What is the labor force participation rate? a) 50.0%
a) 125 b) 180 C245 d) 295 e) 400 What is the unemployment rate? a) 3.75% b) 4.4% C 7.0% d) 7.5% e) 7.9% What is the labor force participation rate? a) 50.0%
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 16RQ: Assess whether the following would be counted as unemployed in the Current Employment Statistics...
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Springfield is a small town with a total civilian population of 800. Of this population, 125 are under the age of 16. Of the population 16 and over, there are 350 working full-time and another 50 working part-time. Of the remaining adult population, 30 people recently quit their jobs in order to look for better employment. Finally, there are 40 full-time students (not working), 180 retired and another 25 stay-at-home spouses.
![How many people are not in the labor force (NIELF)
a) 125
b) 180
C245
d) 295
e) 400
What is the unemployment rate?
a) 3.75%
b) 4.4%
C 7.0%
d) 7.5%
e) 7.9%
What is the labor force participation rate?
a) 50.0%
b) 53.75%
59.26%
d63.7%
e) 84.38%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedb0ab98-bee3-4565-bf28-358f9970c3ee%2Fb16357c3-a2c4-4a56-981d-0d43c45d5dd6%2Fy2k8swi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How many people are not in the labor force (NIELF)
a) 125
b) 180
C245
d) 295
e) 400
What is the unemployment rate?
a) 3.75%
b) 4.4%
C 7.0%
d) 7.5%
e) 7.9%
What is the labor force participation rate?
a) 50.0%
b) 53.75%
59.26%
d63.7%
e) 84.38%
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