Question: Kevin is a 2 4 - year - old professional tennis player. When he's not competing, he works as a coach at a local tennis
Kevin is a yearold professional tennis player. When he's not competing, he works as a coach at a local tennis club. Employed
Maria is a yearold professional basketball player. She finished her last season as a player weeks ago and is currently interviewing for a coaching position. Unemployed
Rajiv is a yearold graphic designer who is taking years off from work to care for his small daughter. Not in the labor force
Ana is a yearold who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago. Not in the labor force
Yakov is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading. Employed
Simone is a yearold former gang member who is currently serving a prison sentence for armed robbery. Not in the civilian noninstitutional population
Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS
Labor Force Participation Rate
Number in Labor ForceCivilian Noninstitutionalized Populationtimes
According to this formula, what is the labor force participation rate of this economy of six people?
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS
Unemployment Rate
Number of Employed WorkersCivilian Noninstitutionalized Populationtimes
According to this formula, what is the unemployment rate of this economy of six people?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
