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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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.
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