The country of Bada has collected the following information:    Population (working age).   240,000    Employed         180,000    Unemployed      30,000    Calculate:    Labor Force =    Unemployment rate =    Labor-force participation rate =

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The country of Bada has collected the following information:

 

 Population (working age).   240,000 

 

Employed         180,000 

 

Unemployed      30,000 

 

Calculate: 

 

Labor Force = 

 

Unemployment rate =

 

 Labor-force participation rate =

 

 Classify each of the following individuals in one of the following categories: employed, unemployed, or not in the labor force. 

- Last week, Elizabeth worked 10 hours as a computer programmer for the National Video Company and attended night classes at the local college. She would prefer a full-time job.

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