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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 31
The Bureau of Labor Statistics reported the following data for July 2012:
Labor force participation rate: 63.7 percent
Working-age population: 243.4 million
Employment-to-population ratio: 58.4
Calculate the
a. Labor force.
b. Employment.
c. Unemployment rate.
Labor force participation rate: 63.7 percent
Working-age population: 243.4 million
Employment-to-population ratio: 58.4
Calculate the
a. Labor force.
b. Employment.
c. Unemployment rate.
Explanation
Verified
Verified
a.
Labor force:
Labor force can be cal...
Macroeconomics 11th Edition by Michael Parkin
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