In June 2009, the total population in the city of Calypso was 12,500. There were 10,000 non-institutionalized civilians that were eligible for the labor force. The civilian labor force was 8,000 while 2,000 were unemployed.

a. What was the civilian labor force participation rate?

b. What was the unemployment rate in June 2009?

c. If in July 500 people became discouraged, what will the unemployment rate be in July?

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a Labor force participation rate is given as people lo... View the full answer