The figure to the right shows the initial distribution of the population aged 15 and older into three groups: people who are employed, those who are unemployed, and those not in the labour force. If the number of people employed were to expand by 0.2 million, and the number of people unemployed were to fall by 0.1 million, what would be the new values of the labour force and of the unemployment rate? If total adult population did not change, the new value of the labour force would be (Enter your response rounded to two decimal places.) The new value of the unemployment rate would be percent. (Enter your response rounded to two decimal places.) million people

The figure to the right shows the initial distribution of the population aged 15 and older into three groups: people who are employed, those who are unemployed, and those not in the labour force. If the number of people employed were to expand by 0.2 million, and the number of people unemployed were to fall by 0.1 million, what would be the new values of the labour force and of the unemployment rate? If total adult population did not change, the new value of the labour force would be (Enter your response rounded to two decimal places.) The new value of the unemployment rate would be percent. (Enter your response rounded to two decimal places.) million people

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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