In the Lake of the Ozarks, 12,000 people have a paying job, 2,000 do not have a job but have actively looked for a job in the previous week, and 6,000 of the working-age adults are not in the labour force. The labour force participation rate is ______ percent.

In the Lake of the Ozarks, 12,000 people have a paying job, 2,000 do not have a job but have actively looked for a job in the previous week, and 6,000 of the working-age adults are not in the labour force. The labour force participation rate is ______ percent.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 25RQ: Would you expect the natural rate of unemployment to remain the same within one country over the...

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