Question: I need help with the following questions please, I do not understand this concept very well The below table shows the labour force data for

I need help with the following questions please, I do not understand this concept very well

I need help with the following questions please, I do not understand

The below table shows the labour force data for the country of Parsha in 2016 (figures in millions): Round your answers to 2 decimal places. 2016 2017 2016 2017 Population 40 40 Working-age population 35 Not in working-age population 5 Labour force 31 Not in labour force 4 Employed 29.9 Unemployed 1.1 Labour force participation % 88.6 Unemployment % 3.5 Suppose the only change that occurs in 2017 is that the number of discouraged workers increases by 0.4 (million). Complete the above table

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!