The following information is for the fictitious nation Alpha Working-age population = 1.1 million Labor force = 693,000 Number Employed = 651,420 %3D %3D Instructions: Enter your responses as percent values. a. The unemployment rate for Alpha is %. bb. The labor force participation rate for Alnha is
The following information is for the fictitious nation Alpha Working-age population = 1.1 million Labor force = 693,000 Number Employed = 651,420 %3D %3D Instructions: Enter your responses as percent values. a. The unemployment rate for Alpha is %. bb. The labor force participation rate for Alnha is
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The following information is for the fictitious nation Alpha:
Working-age population = 1.1 million
Labor force = 693,000
Number Employed = 651,420
%3D
%3D
Instructions: Enter your responses as percent values.
a. The unemployment rate for Alpha is
%.
b. The labor force participation rate for Alpha is
%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1122ad25-87f2-487b-b8ec-78a983f76c12%2F92d0d134-1bbc-40c8-8255-4a70582f2001%2Fr81yc7b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information is for the fictitious nation Alpha:
Working-age population = 1.1 million
Labor force = 693,000
Number Employed = 651,420
%3D
%3D
Instructions: Enter your responses as percent values.
a. The unemployment rate for Alpha is
%.
b. The labor force participation rate for Alpha is
%.
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