Use information below to compute the actual unemployment rate (U%) and the labor force participation rate (LFP%). Population = 236 # unemployed = 10 Not in Labor Force = 86 Actual unemployment Rate (U%) = Labor Force Participation Rate =

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 7CQ
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Use information below to compute the actual unemployment rate (U%) and the labor force participation rate (LFP%).
Population = 236
# unemployed = 10
Not in Labor Force = 86
Actual unemployment Rate (U%) =
Labor Force Participation Rate =
Transcribed Image Text:Use information below to compute the actual unemployment rate (U%) and the labor force participation rate (LFP%). Population = 236 # unemployed = 10 Not in Labor Force = 86 Actual unemployment Rate (U%) = Labor Force Participation Rate =
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