What would be the labor force participation rate if: a. The population = 200 million, the labor force = 160 million, and employment = 140 million? b. The population = 200 million, the labor force = 140 million, and employment = 120 million? c. Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force?

What would be the labor force participation rate if: a. The population = 200 million, the labor force = 160 million, and employment = 140 million? b. The population = 200 million, the labor force = 140 million, and employment = 120 million? c. Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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