The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Number of people Category Employed Unemployed Not in the labor force 4505 452 591 Suppose 286 of the 452 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force participation rate?
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Number of people Category Employed Unemployed Not in the labor force 4505 452 591 Suppose 286 of the 452 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force participation rate?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A 69.
Subject:- accounting

Transcribed Image Text:The table shows employment statistics for a fictional country. Use the information to answer the
questions. Round your percentages to two decimal places.
Number of people
Category
Employed
Unemployed
Not in the labor force
591
Suppose 286 of the 452 unemployed people have been unemployed for so long that they stop looking
for work. What is the new labor force participation rate?
4505
452
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