The next two questions involve the following situation. Consider the following data from a particular economy. Item Value Unemployment Rate Labour Force Participation Rate Working-Age Population 10% 75% 3,600,000 54. How many people are in the Labour Force? (A) 3,600,000. (B) 360,000. (C) 2,700,000. (D) 270,000. 55. How many people are unemployed? (A) 3,600,000. (B) 360,000. (C) 2,700,000. (D) 270,000.

The next two questions involve the following situation. Consider the following data from a particular economy. Item Value Unemployment Rate Labour Force Participation Rate Working-Age Population 10% 75% 3,600,000 54. How many people are in the Labour Force? (A) 3,600,000. (B) 360,000. (C) 2,700,000. (D) 270,000. 55. How many people are unemployed? (A) 3,600,000. (B) 360,000. (C) 2,700,000. (D) 270,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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