or the next question consider the data in the table below for a simp Total Population 50,000 Working-Age Population Employed 40,000 20,000 Unemployed 5,000 You learn that 2,000 citizens that are not in the labor force would like a job. Consider the 2,000 discouraged workers. The unemployment rate considering the discouraged workers (but not the involuntary part time workers) is

or the next question consider the data in the table below for a simp Total Population 50,000 Working-Age Population Employed 40,000 20,000 Unemployed 5,000 You learn that 2,000 citizens that are not in the labor force would like a job. Consider the 2,000 discouraged workers. The unemployment rate considering the discouraged workers (but not the involuntary part time workers) is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose you are given the following data (in persons): Category Total Population No. of Persons 2,000,000 860,000 Working-Age Population Employed 300,000 Unemployed 120,000 Discouraged Workers 80,000 What is the employment-to-population ratio (round to nearest whole pefcentage)? a. 15 percent .b. 29 percent c. 35 percent d. 49 percent e. none of the above is correct
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