uppose that, in on the US states, the civilian adult noninstitutional population is 16.5 million, the number of employed is 12.1 million, and the labor-force participation rate is 65%. What is the unemployment rate in the state? a. There is not enough data to calculate the unemployment rate. b. 2.1% c. 6.5% d. 10.2%
uppose that, in on the US states, the civilian adult noninstitutional population is 16.5 million, the number of employed is 12.1 million, and the labor-force participation rate is 65%. What is the unemployment rate in the state? a. There is not enough data to calculate the unemployment rate. b. 2.1% c. 6.5% d. 10.2%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose that, in on the US states, the civilian adult noninstitutional population is 16.5 million, the number of employed is 12.1 million, and the labor-force participation rate is 65%. What is the
a. There is not enough data to calculate the unemployment rate.
b. 2.1%
c. 6.5%
d. 10.2%
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