You Are Given the Following Statistics About the Economy

question 99

Short Answer

You are given the following statistics about the economy:
Relevant population: 348 million
Employed: 228 million
Unemployed: 19 million
Answer the following questions to one decimal point:
a.What is the unemployment rate?
b.What is the labor force?
c.What is the labor force participation rate?

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Definitions:

Canadian

Pertaining to Canada or its people, culture, and characteristics.

Pastime

An activity that one does regularly for enjoyment rather than work; a hobby or leisure activity.

Genus

A class or group of entities that share common characteristics, often used in biology to classify organisms but also applicable in logic and philosophy.

Cayenne

A hot chili pepper used to flavor dishes, also known for its medicinal properties.