Question

3. Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent: a, What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?

Name: 3 suppose the number ol emploved people in an economy is 121166640 the unemployment rate in this economy is 104 percent and the labor force participation rate is 725 percent a what is the si 15647
Uploaded: 2022-01-06T01:27:29-08:00
Duration: 2 min 11 s
Channel: Prashant Bana
Description: 3 suppose the number ol emploved people in an economy is 121166640 the unemployment rate in this economy is 104 percent and the labor force participation rate is 725 percent a what is the si 15647

          3.  Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent: a, What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?

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Principles of Economics

Gregory Mankiw 8th Edition

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01/06/2022

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4% - Labor force participation rate = 72.5% Show more…

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3. Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent: a, What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?