Question: please see attached Question 8 [6 points] Suppose the labour force consists of 170 adults, of which 143 are employed. Note: Keep as much precision
please see attached
![please see attached Question 8 [6 points] Suppose the labour force consists](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668c12a096052_840668c12a076acd.jpg)
Question 8 [6 points] Suppose the labour force consists of 170 adults, of which 143 are employed. Note: Keep as much precision as possible during your calculations. Your final answers should be accurate to at least two decimal places. a) Find the unemployment rate. Unemployment rate = 0% b) Now suppose 17 of the unemployed workers are so discouraged that they have given up looking for work. They decide to go back to school full-time. Find the new unemployment rate. New unemployment rate = 0% c) True or false: "Low unemployment rates imply more people are working". O True O False
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
