The following table contains information for the U.S. for 1998.Thousands ofU.S. Economy: 1998PersonsCivilian labor force137,565Civilian employmentCivilian working-age population131,293205.015Compute the unemployment rate and the labor force participation rate.O A. Unemployment rate = 9.54 percent; Labor force participation rate = 67.1 percent.O B. Unemployment rate = 4.56 percent; Labor force participation rate = 95.44 percent.O C. Unemployment rate = 3.06 percent; Labor force participation rate = 48.8 percent.O D. Unemployment rate = 4.56 percent; Labor force participation rate = 67.1 percent.

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The following table contains information for the U.S. for 1998. U.S. Economy: 1998 Thousands of Persons Civilian labor force 137,565 Civilan employment Civilian working-age population 131,293 205,015 Compute the unemployment rate and the labor force participation rate. A. Unemployment rate = 9.54 percent; Labor force participation rate = 67.1 percent. B. Unemployment rate = 4.56 percent Labor force participation rate = 95.44 percent OC. Unemployment rate = 3.06 percent; Labor force participation rate = 48.8 percent. OD. Unemployment rate = 4.56 percent, Labor force participation rate = 67.1 percent.

The following table contains information for the U.S. for 1998. U.S. Economy: 1998 Thousands of Persons Civilian labor force 137,565 Civilan employment Civilian working-age population 131,293 205,015 Compute the unemployment rate and the labor force participation rate. A. Unemployment rate = 9.54 percent; Labor force participation rate = 67.1 percent. B. Unemployment rate = 4.56 percent Labor force participation rate = 95.44 percent OC. Unemployment rate = 3.06 percent; Labor force participation rate = 48.8 percent. OD. Unemployment rate = 4.56 percent, Labor force participation rate = 67.1 percent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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