Use the following information for the following question: As of February 2015, the country of Trumpville...
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Use the following information for the following question: As of February 2015, the country of Trumpville has a non-institutionalized population of 10 million. 3 million are out of the labor force. 6 million are employed. 2 million workers recently left the workforce because they believe no jobs are available. 1 million work part-time jobs but would like to work full time. What is the labor force participation rate? Use the following information for the following question: As of February 2015, the country of Trumpville has a non-institutionalized population of 10 million. 3 million are out of the labor force. 6 million are employed. 2 million workers recently left the workforce because they believe no jobs are available. 1 million work part-time jobs but would like to work full time. What is the labor force participation rate?
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To calculate the labor force participation rate you need to divide the labor force by the noninstitu... View the full answer
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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