Answer Parts (A) Through (D) Using the Information in Table

question 24

Essay

Answer parts (a) through (d) using the information in Table 6.7.
(a) Calculate the number of unemployed workers.
(b) Calculate the number of workers in the labor force.
(c) Calculate the unemployment rate.
(d) Calculate the labor- force participation rate.
(e) Calculate the unemployment rate if 50,000 unemployed workers become "discouraged" and decide to stop looking for work?

---

Definitions:

Conveys

To transfer or deliver something, such as property or information, from one person or entity to another.

Acknowledgement

Recognition of the importance or quality of something or the act of accepting the truth or existence of something.

Notarization

The official process of ensuring a document is properly executed through a notary public, who verifies the identity of the signers, their willingness, and their understanding of the document.

Signing of a Deed

The act of executing a legal document in which the title to property is transferred from one party to another.