State A has a total population of 10 million, of which 70 percent are adults (civilian noninstitutional
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State A has a total population of 10 million, of which 70 percent are adults (civilian noninstitutional population aged 16 and over). 20 percent of the adult population is not looking for a job, 60 percent of the remaining adult population is employed, and 40 percent of the remaining adult population is not employed but available for work and tried to nd employment during the previous four weeks.
- What is the labor-force for this state?
- What is the labor-force participation rate?
- What is the unemployment rate?
- Can the unemployment rate change if there is no change in the number of adults without a job looking for one? Explain
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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