Category Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Total Population Looking for work Number of people (millions) 14 113 40 20 27 314 12 Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.)
Category Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Total Population Looking for work Number of people (millions) 14 113 40 20 27 314 12 Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Earnings, Productivity, And The Job Market
Section: Chapter Questions
Problem 11CQ
Related questions
Question
![Category
Institutionalized
Full-time workers
Less than 16 years of age
Armed forces (noncivilian)
Part-time workers
Total Population
Looking for work
Number of
people
(millions)
14
113
40
20
27
314
12
Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.)
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa7a6a7f9-c998-406c-bf64-dffb66295312%2F56a963a8-ea8a-46ac-a524-bc5975b76d6e%2Ff6antm_processed.png&w=3840&q=75)
Transcribed Image Text:Category
Institutionalized
Full-time workers
Less than 16 years of age
Armed forces (noncivilian)
Part-time workers
Total Population
Looking for work
Number of
people
(millions)
14
113
40
20
27
314
12
Refer to the table above. What is the labor force participation rate for this economy? (Round to the nearest one-tenth of a percent.)
%
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