Question: Assume that Xathda is considering policy changes that would affect the number of males aged 2 5 - 5 4 who are employed and unemployed

Assume that Xathda is considering policy changes that would affect the number of males aged 25-54 who are employed and unemployed according to the following table. Statisticians at the Labor Department of Xanda have computed current labor statistics and estimated what the labor statistics would have been with the policy in place. What are the current unemployment and labor-force participation rates, to the nearest tenth? According to the estimates, what would their values have been if the policy had been in place?
Labor Force Statistics for Xandian Males Aged 25-54
\table[[unemployed employed population],[4,000,80,000,120,000,Current],[3,500,76,500,120,000,If Policy in Place]]
current 4.8% and 70% with policy change 4.4% and 66.7%
current 4.8% and 66.7% with policy change 4.4% and 64%
current 5% and 66.7% with policy change 4.6% and 64%
current 5% and 70% with policy change 4.6% and 66.7%
Assume that Xathda is considering policy changes

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!