You Are Given the Following Information About an Economy

question 152

Short Answer

You are given the following information about an economy:
Labor force: 167 million
Not in the labor force: 33 million
Employed: 145 million
Answer the following questions to one decimal point:
a.What is the unemployment rate?
b.What is the relevant population?
c.What is the labor force participation rate?

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Definitions:

Productive Cough

A cough that expels mucus or phlegm from the respiratory tract, helping to clear the airways.

Respiratory Rate

The number of breaths a person takes per minute, which is a critical vital sign of respiratory function.

Diagnostic Label

A term or phrase used by healthcare professionals to classify and describe a specific condition or disorder after assessment.

Client Goals

Client goals denote the desired outcomes or objectives that a person seeks to achieve in a healthcare, therapeutic, or service-oriented context.