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:

Telephone Procedures

Established protocols or guidelines for effectively handling and managing phone calls in various contexts.

Specimens

Samples of tissue, blood, or other materials taken for examination or analysis to diagnose or understand medical conditions.

Chain Of Command

A command hierarchy where a group of people are committed to carrying out orders from the highest authority.

Labor Relations

An HR role that refers to issues that arise between employees and management.