Use the following information to answer questions 6 and 7. Total population People younger than 16 and older than 65 People aged 16-65 who are not part of the labour force Discouraged work seekers Employed Unemployed 6. What is the participation rate? (Round off if necessary.) A. 76.62%. B. 52.16%. C. 24.31%. D. 34.9%. 43,900 7,480 15,030 5,000 10,670 5,720 7. What is the unemployment rate according to the broad definition? (Round off if necessary.) A. 28.2%. B. 50.1. C. 38.1%. D. 65.41%.

Use the following information to answer questions 6 and 7. Total population People younger than 16 and older than 65 People aged 16-65 who are not part of the labour force Discouraged work seekers Employed Unemployed 6. What is the participation rate? (Round off if necessary.) A. 76.62%. B. 52.16%. C. 24.31%. D. 34.9%. 43,900 7,480 15,030 5,000 10,670 5,720 7. What is the unemployment rate according to the broad definition? (Round off if necessary.) A. 28.2%. B. 50.1. C. 38.1%. D. 65.41%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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