The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force? What is the labor force participation rate? %% What is the unemployment rate? %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? %% What is the new unemployment rate? %
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force? What is the labor force participation rate? %% What is the unemployment rate? %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? %% What is the new unemployment rate? %
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...
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The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places.
| Category | Number of people |
|---|---|
| Employed | 5805 |
| Unemployed | 482 |
| Not in the labor force | 591 |
What is the total labor force?
What is the labor force participation rate?
%%
What is the unemployment rate?
%%
Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work.
What is the new labor force?
What is the new labor force participation rate?
%%
What is the new unemployment rate?
%
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