Question
State A has a total population of 10 million, of which 70 percent are adults (civilian noninstitutional population aged 16 and over). 20 percent of
State A has a total population of 10 million, of which 70 percent are adults (civilian noninstitutional population aged 16 and over). 20 percent of the adult population is not looking for a job, 60 percent of the remaining adult population is employed, and 40 percent of the remaining adult population is not employed but available for work and tried to nd employment during the previous four weeks.
- What is the labor-force for this state?
- What is the labor-force participation rate?
- What is the unemployment rate?
- Can the unemployment rate change if there is no change in the number of adults without a job looking for one? Explain
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the labor force laborforce participation rate and unemployment rate for State A we can use the given information Total population 10 mill...
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Step: 2
Step: 3
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
