Assume that in a country, of all adult people, 29,500,000 were employed, 1,120,000 were unemployed and 11,000,000

Question:

Assume that in a country, of all adult people, 29,500,000 were employed, 1,120,000 were unemployed and 11,000,000 were not in the labour force. How big was the labour force? What was the labour force participation rate? What was the unemployment rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

Question Posted: