24. Data for an economy shows that the unemployment rate is 6%, the participation rate 60...

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24. Data for an economy shows that the unemployment rate is 6%, the participation rate 60 percent, 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy? A. 200 million C. 400 million D. 500 million B. 300 million 25. In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. All but one of these had actively looked for a job in the previous four weeks. What is the participation rate in this town? A. 63.0% B. 71.1% C. 72.0% D. 80.0% 24. Data for an economy shows that the unemployment rate is 6%, the participation rate 60 percent, 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy? A. 200 million C. 400 million D. 500 million B. 300 million 25. In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. All but one of these had actively looked for a job in the previous four weeks. What is the participation rate in this town? A. 63.0% B. 71.1% C. 72.0% D. 80.0%

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24 The workingage population in this economy can be calculated by subtracting the number of people n... View the full answer