-Answer parts (a) through (e) using the information in Table 6.8.
(a) Calculate the number in the labor force.
(b) Calculate the number of unemployed workers.
(c) Calculate the unemployment rate.
Definitions:
Hair Salon
A business establishment where clients receive professional hair cutting, styling, and possibly other cosmetic services.
Contract Clause
A provision found in the U.S. Constitution that prohibits states from enacting laws that retroactively impair contract rights.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
Permissible
Allowed or permitted within a set of rules, laws, or regulations.
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