Table 3 Total population Working-age population Employment Unemployment 20,000 1

Question

Table 3 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 Consider the data above for a simple economy. Refer to Table 3. The unemployment rate for this simple economy equals O A) (100/20,000) x 100. O B) (100/1,000) x 100. O c) (100/1,100) x 10o. D) (100/15,000) x 100. Save Question 12 (1 point) Table 3 Total population Working-age population Employment Unem 20,000 15,000 1,000 100 ent Consider the data above for a simple economy. Refer to Table 3. The labor force participation rate for this simple economy equals O A) (1,000/15,000) x 100. B) (1,000/1,100) 100. C) (1,100/15,000) 100. D) (1,100/20,000) x 100. Save

Explanation / Answer

1)ans is C.

Unemployment rate=unemployed/ labor force*100=100/1100*100 because labor force=unemployed+ employed

12) LFPR=Labor force/ working population=1100/15000*100. Ans is C

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.