If the number of unemployed equals 240,000 and the number of employed equals 300,000, the labor-force participation rate a. is 24%. O b. is 80%. O C. cannot be determined from this information. O d. is 55.6%.
If the number of unemployed equals 240,000 and the number of employed equals 300,000, the labor-force participation rate a. is 24%. O b. is 80%. O C. cannot be determined from this information. O d. is 55.6%.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If the number of unemployed equals 240,000 and the
number of employed equals 300,000, the labor-force
participation rate
a. is 24%.
is 80%.
cannot be determined from this information.
O b.
O d. is 55.6%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2b5fa5ad-0c92-4223-a6a9-d59a648c050c%2Fd63467eb-3c39-41d8-8fc1-395fc56a2063%2Fpvoyzvp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If the number of unemployed equals 240,000 and the
number of employed equals 300,000, the labor-force
participation rate
a. is 24%.
is 80%.
cannot be determined from this information.
O b.
O d. is 55.6%.
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