Calculate the unemployment rate and labor -force participation rate given the following information (show your calculations): -Number of employed = 170 million-Labor force = 185 million-Working- age population = 300 million-Number of discouraged workers = $1.5 million. Calculate the unemployment rate and labor -force participation rate given thefollowing information (show your calculations):-Number of employed = 170 million-Labor force = 185 million-Working- age population = 300 million-Number of discouraged workers = $1.5 million.

The labor-participation-rate is the portion of the working-age-population that is out there actively…

Answered: Calculate the unemployment rate and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Calculate the unemployment rate and labor -force participation rate given the following information (show your calculations):

-Number of employed = 170 million

-Labor force = 185 million

-Working- age population = 300 million

-Number of discouraged workers = $1.5 million.

Calculate the unemployment rate and labor -force participation rate given the
following information (show your calculations):
-Number of employed = 170 million
-Labor force = 185 million
-Working- age population = 300 million
-Number of discouraged workers = $1.5 million.

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Calculate the unemployment rate and labor -force participation rate given the following information (show your calculations): -Number of employed = 170 million -Labor force = 185 million -Working- age population = 300 million -Number of discouraged workers = $1.5 million.