In a given year, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor- force participation rate and unemployment rate were about 59.3% and 8.2%, respectively. O 59.3% and 5.3%, respectively. O 64.6% and 8.2%, respectively. O 64.6% and 5.3%, respectively.

In a given year, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor- force participation rate and unemployment rate were about 59.3% and 8.2%, respectively. O 59.3% and 5.3%, respectively. O 64.6% and 8.2%, respectively. O 64.6% and 5.3%, respectively.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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