Suppose people in the adult population in a small country are classified based on their age.

$$

Labor Force Status Age

Less than $5555$ and Older

Number employed $400,000100,000$

Number unemployed $25,0007,000$

Number in population $600,000200,000$

$$In the proper order, which age group has the highest unemployment rate and which has the highest labor$-$force participation rate?

Answer rating: 100% (QA)

To determine the age group with the highest unemployment rate and the one with the highest laborforc... View the full answer