Question: 7 . 6 9 points Time Remaining 4 hours 2 0 minutes 3 8 seconds 0 4 : 2 0 : 3 8 eBookPrintReferencesCheck my

7.69
points
Time Remaining 4 hours 20 minutes 38 seconds04:20:38
eBookPrintReferencesCheck my workCheck My Work button is now disabledItem 10
Time Remaining 4 hours 20 minutes 38 seconds04:20:38
Problem 05-10(algo)
The following is a report from a BLS survey taker:
There were 70 people in the houses I visited. 12 of them were children under the age of 16,25 people had full-time jobs, and 6 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 5 full-time students over age 16, and 2 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would like one. 1 of these people had not looked actively for work for three months, however.
Find the labor force, the unemployment rate, and the participation rate implied by the survey takers report.
Labor force:
people
Instructions: Enter your responses rounded to two decimal places.
Unemployment rate: %
Participation rate: %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!