The labor force participation rate is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population=283 million Working-age population = 186 million Labor force = 129 million The number of people employed = 120 million The number of people unemployed = 9 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)
The labor force participation rate is the percentage of the working-age population in the labor force. Suppose an economy is given by: Population=283 million Working-age population = 186 million Labor force = 129 million The number of people employed = 120 million The number of people unemployed = 9 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
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