Refer to the Table, The number of people unemployment?Labor force participation rate75% ,Total population 16 years of age and older is 200 millionUnemployment rate is 10% Refer to the Table. The total number of people unemployed isLabor force participation rateTotal population 16 years of age and older 200 millionUnemployment rate75%10%15 million.13 million.20 million.17 million.

Labor force participation rate: - Participation rate is the percentage of the employed and…

Refer to the Table. The total number of people unemployed is Labor force participation rate Total population 16 years of age and older Unemployment rate 75% 200 million 10% 15 million. 13 million. 20 million. O 17 million.

Refer to the Table. The total number of people unemployed is Labor force participation rate Total population 16 years of age and older Unemployment rate 75% 200 million 10% 15 million. 13 million. 20 million. O 17 million.

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

Refer to the Table, The number of people unemployment? Labor force participation rate 75% ,Total population 16 years of age and older is 200 million Unemployment rate is 10%

Refer to the Table. The total number of people unemployed is
Labor force participation rate
Total population 16 years of age and older 200 million
Unemployment rate
75%
10%
15 million.
13 million.
20 million.
17 million.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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