The following table shows a group-by-group breakdown for a hypothetical economy. Group Number of people Population (aged 16 and over) 10,000 Labor force 6,000 Not currently working 4,500 Employed full-time 4,000 Employed part-time 1,500 Unemployed 500 Based on the table, the employment/population ratio is %. (Round your answer to the nearest tenth.)
The following table shows a group-by-group breakdown for a hypothetical economy. Group Number of people Population (aged 16 and over) 10,000 Labor force 6,000 Not currently working 4,500 Employed full-time 4,000 Employed part-time 1,500 Unemployed 500 Based on the table, the employment/population ratio is %. (Round your answer to the nearest tenth.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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16 . Critical analysis Q7
The following table shows a group-by-group breakdown for a hypothetical economy.
|
Group
|
Number of people
|
|---|---|
| Population (aged 16 and over) | 10,000 |
| Labor force | 6,000 |
| Not currently working | 4,500 |
| Employed full-time | 4,000 |
| Employed part-time | 1,500 |
| 500 |
Based on the table, the employment/population ratio is %. (Round your answer to the nearest tenth.)
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