Question: Ty_ped answer only. I will rate accordingly. explain Question 3 1 / 2 pts A city has an adult population of 14 million. Among those

Ty_ped answer only. I will rate accordingly. explain

Ty_ped answer only. I will rate accordingly. explain Question 3 1 /

Question 3 1 / 2 pts A city has an adult population of 14 million. Among those who are above 15 years old, 1.5 million of them are not available for work, 9.8 million are employed full-time; 1.8 million have part-time jobs; and the remaining people are actively looking for jobs. Also, one-third of the current part-time workers would like to work full-time and 10% of full- time workers feel that their current work did not truly reflect their ability. Find the employment rate and the unemployment rate. Keep your answer in percentage terms & DO NOT enter any unit of measurement. Answer: Employment rate (in % terms): = 92.80 % (keep your answer to 2 decimal places if needed) Unemployment rate (in % terms): = 7.20 % (keep your answer to 2 decimal places if needed) Answer 1: You Answered 92.80 Correct Answer 82.86% Correct Answer 82.86

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!