e that the unemployment rate is 5%, the total working age population is 200 million, and the number of Unemp What is the the labor force participation rate? (Write your answer as XX.y%, without the %, only one decimal) r numeric answer and submit
e that the unemployment rate is 5%, the total working age population is 200 million, and the number of Unemp What is the the labor force participation rate? (Write your answer as XX.y%, without the %, only one decimal) r numeric answer and submit
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5
million. What is the the labor force participation rate? (Write your answer as XX.y%, without the %, only one decimal)
Type your numeric answerand submit
藝](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb93a4b56-e13a-4118-8823-601610d155f6%2Fa712478b-e279-4f71-b066-8731ebc12f49%2Fto6kpdi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5
million. What is the the labor force participation rate? (Write your answer as XX.y%, without the %, only one decimal)
Type your numeric answerand submit
藝
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