I can't figure out how to solve this Econ problem; please help.Thank you! Information concerning the fictitious small island nation of Llamalandia isNumber of employed people270,815given in the table. Use the information in the table to answer theNumber of unemployed people15,483related questions.Total population over age535,99916For the percentages, round your answers to two decimal places.What is the size of the labor force?labor force:How many people are out of the labor force?out of labor force:What is the unemployment rate?unemployment:What is the total labor force participation rate?participation:

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Information concerning the fictitious small island nation of Llamalandia is Number of employed people 270,815 given in the table. Use the information in the table to answer the Number of unemployed people 15,483 related questions. Total population over age 16 535,999 For the percentages, round your answers to two decimal places. What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: What is the unemployment rate? unemployment: What is the total labor force participation rate? participation:

Information concerning the fictitious small island nation of Llamalandia is Number of employed people 270,815 given in the table. Use the information in the table to answer the Number of unemployed people 15,483 related questions. Total population over age 16 535,999 For the percentages, round your answers to two decimal places. What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: What is the unemployment rate? unemployment: What is the total labor force participation rate? participation:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I can't figure out how to solve this Econ problem; please help. Thank you!

Information concerning the fictitious small island nation of Llamalandia is
Number of employed people
270,815
given in the table. Use the information in the table to answer the
Number of unemployed people
15,483
related questions.
Total population over age
535,999
16
For the percentages, round your answers to two decimal places.
What is the size of the labor force?
labor force:
How many people are out of the labor force?
out of labor force:
What is the unemployment rate?
unemployment:
What is the total labor force participation rate?
participation:

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