You are given the following information on an imaginary economy of their adult population. Number of people who are employed 75,000 Number of people who are unemployed 6,000 Number of people who are not in the labor force 25,000 Based on the above information calculate the following for this economy; • Unemployment rate • Labor Force Participation Rate Note: Make sure to show steps. For the toolbar, press ALT+F10 (PC) or ALT+EN+F10 (Mac)
You are given the following information on an imaginary economy of their adult population. Number of people who are employed 75,000 Number of people who are unemployed 6,000 Number of people who are not in the labor force 25,000 Based on the above information calculate the following for this economy; • Unemployment rate • Labor Force Participation Rate Note: Make sure to show steps. For the toolbar, press ALT+F10 (PC) or ALT+EN+F10 (Mac)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![You are given the following information on an imaginary economy of their adult population.
Number of people who are employed 75,000
Number of people who are unemployed 6,000
Number of people who are not in the labor force 25,000
Based on the above information calculate the following for this economy;
●
●
Note: Make sure to show steps.
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
BIUS Paragraph
Arial
¶¶
P
Unemployment rate
Labor Force Participation Rate
↑
100
ס
ווין
तं {;}
€
R7
KJ
x² X₂
X₂
+
>¶T
10pt
TT<
<
ABC
<
¶T "Ω
Tx
X
X
O Q
A
88
BA
:
EXE
旺图
O WORDS POWERED BY TINY](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7e5ddd4-9774-49f5-a3a5-694b08ae0d81%2Fb7f6ec03-1863-451c-8520-8f7064913855%2F53r01l_processed.png&w=3840&q=75)
Transcribed Image Text:You are given the following information on an imaginary economy of their adult population.
Number of people who are employed 75,000
Number of people who are unemployed 6,000
Number of people who are not in the labor force 25,000
Based on the above information calculate the following for this economy;
●
●
Note: Make sure to show steps.
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
BIUS Paragraph
Arial
¶¶
P
Unemployment rate
Labor Force Participation Rate
↑
100
ס
ווין
तं {;}
€
R7
KJ
x² X₂
X₂
+
>¶T
10pt
TT<
<
ABC
<
¶T "Ω
Tx
X
X
O Q
A
88
BA
:
EXE
旺图
O WORDS POWERED BY TINY
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