Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 22, Problem 1.4P
Subpart (a):
To determine
Change in labor force participation.
Subpart (b):
To determine
Change in labor force participation.
Subpart (c):
To determine
Change in labor force participation.
Subpart (d):
To determine
Change in labor force participation.
Subpart (e):
To determine
Change in labor force participation.
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Based on the information in the table below, calculate the labor force participation rate, and the percentage or workers out of the labor force:
Total adult population over the age of 16
83 million
Total in the labor force
63 million
Total Employed
60 million
Total Unemployed
3 million
Total out of the labor force
20 million
Group of answer choices
Participation rate: 24.1%, Out of the labor force: 92.5%
Participation rate: 75.9%; Out of the labor force: 24.1%
Participation rate: 5%,Out of the labor force: 15%
Participation rate: 24.1%, Out of the labor force:75.9%
Q17
Referring to the information provided in the table, what is the adult labor-force participation rate in Meditor?
Labor Data for Adults (ages 16 and older) in Meditor
Chapter 22 Solutions
Principles of Economics (12th Edition)
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