The number of the employed in a country is 55 million; the number of the unemployed is 5 million and those not in the labor force is 40 million. The labor force participation rate in this country is 40% 50% 20% O 60% A consumer price index of 100 in 2020 with a base year of 2019 would mean that the cost of the market basket
The number of the employed in a country is 55 million; the number of the unemployed is 5 million and those not in the labor force is 40 million. The labor force participation rate in this country is 40% 50% 20% O 60% A consumer price index of 100 in 2020 with a base year of 2019 would mean that the cost of the market basket
Chapter1: Making Economics Decisions
Section: Chapter Questions
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