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A country has a population if 10000 of this population 1000 are below the age of 16 2000 have given up looking for work 700 are unemployed but but looking

A country has a population if 10,000 of this population 1,000 are below the age of 16, 2000 have given up looking for work, 700 are unemployed but but looking for work, 2500 work part time and the remaining are unemployed. A. What is the unemployment rate? B. What is the labor participation rate? C. What is the adult population? D. Suppose workers the workers who had given up looking for work decide to start working again, what is the new unemployment rate?

Apr 23 2020 View more View Less

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