Table 28-2
Suppose people in the adult population in a small country are classified based on their age.

-Refer to Table 28-2. In the proper order, which age group has the highest unemployment rate and which has the highest labor-force participation rate?

Question

Table 28-2
Suppose people in the adult population in a small country are classified based on their age.
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-Refer to Table 28-2. In the proper order, which age group has the highest unemployment rate and which has the highest labor-force participation rate?

Quizplus · Accepted Answer

The age group 55 and older typically has a higher unemployment rate due to challenges in finding new employment at an older age, while the under 55 age group generally has a higher labor-force participation rate due to being in their prime working years.

Table 28-2 Suppose People in the Adult Population in a Small Country