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In an economy, out of 221.6 million potential workers, 180.65 million are employed. If the labor force in the economy is 200.5 million, calculate: Drag and drop options on the right-hand side and submit. For keyboard navigation.. SHOW MORE V 81.52 The number ofunemployed workers (millions) 21.10 The unemployment rate (percent) 40.65 The labor force participation rate (in percent) The number of potential workers who are not a part of the 90.47 labor force (in millions) E 9.90 19.85 II II

In an economy, out of 221.6 million potential workers, 180.65 million are employed. If the labor force in the economy is 200.5 million, calculate: Drag and drop options on the right-hand side and submit. For keyboard navigation.. SHOW MORE V 81.52 The number ofunemployed workers (millions) 21.10 The unemployment rate (percent) 40.65 The labor force participation rate (in percent) The number of potential workers who are not a part of the 90.47 labor force (in millions) E 9.90 19.85 II II

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In an economy, out of 221.6 million potential workers, 180.65 million are employed. If the labor force in the economy is 200.5 million, calculate: 1. The number of unemployed workers (millions) 2. The unemployment rate (percent) 3. The labor force participation rate (in percent) 4. The number of potential workers who are not a part of the labor force (in millions) Possible values for these calculations are provided as follows: - 81.52 - 21.10 - 40.65 - 90.47 - 9.90 - 19.85 - 30.09 (Note: No graphs or diagrams present in the image.)
Transcribed Image Text:In an economy, out of 221.6 million potential workers, 180.65 million are employed. If the labor force in the economy is 200.5 million, calculate: 1. The number of unemployed workers (millions) 2. The unemployment rate (percent) 3. The labor force participation rate (in percent) 4. The number of potential workers who are not a part of the labor force (in millions) Possible values for these calculations are provided as follows: - 81.52 - 21.10 - 40.65 - 90.47 - 9.90 - 19.85 - 30.09 (Note: No graphs or diagrams present in the image.)
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