Suppose an economy consist of 500 million individuals 16 years and older 280.5 m
ID: 1103892 • Letter: S
Question
Suppose an economy consist of 500 million individuals 16 years and older 280.5 million are employed and 19.5 million are unemployed but actively seeking work . A. How many people make up the labor force ? B. What is the unemployment rate ? C. What is the labor force participation rate?Suppose an economy consist of 500 million individuals 16 years and older 280.5 million are employed and 19.5 million are unemployed but actively seeking work . A. How many people make up the labor force ? B. What is the unemployment rate ? C. What is the labor force participation rate?
Suppose an economy consist of 500 million individuals 16 years and older 280.5 million are employed and 19.5 million are unemployed but actively seeking work . A. How many people make up the labor force ? B. What is the unemployment rate ? C. What is the labor force participation rate?
Suppose an economy consist of 500 million individuals 16 years and older 280.5 million are employed and 19.5 million are unemployed but actively seeking work . A. How many people make up the labor force ? B. What is the unemployment rate ? C. What is the labor force participation rate?
Suppose an economy consist of 500 million individuals 16 years and older 280.5 million are employed and 19.5 million are unemployed but actively seeking work . A. How many people make up the labor force ? B. What is the unemployment rate ? C. What is the labor force participation rate?
A. How many people make up the labor force ? B. What is the unemployment rate ? C. What is the labor force participation rate?
ab &Mas; xCourse Home Secure https//www.globalyc Between 1810-60 the B dent/student course 626 Assessment Week 10 AH 5 Topical Essay MCITF Assessment 9. Black-owned and Black-friendly newspapers helped African Americans in their quest for citizenship because they Pr .a.AII ofthese. b. Helped Blacks develop a national identity by bringing them together with other Blacks across the Nort c. Advertised meetings and community events that helped politically organize local Black communities. d. Reproduced speeches and articles that advocated African American causes. Previous Pr Al Si the web and Windows
Explanation / Answer
A. Labor force = Unemployed + Employed = 19.5 million + 280.5 million = $ 300 million
B. Unemployment rate = No. of unemployed / Labor force x 100 = 19.5 million / 300 million x 100 = 6.5
C. Labor force participation rate = Labor force / Adult population x 100
= 300 million / 280.5 million x 100 = 106.95