If a country's population (age 16 and over) is 50 million, with 2 million unemployed and 23 million currently holding jobs, the
A) unemployment rate is 4 percent, and the labor force participation rate is 46 percent.
B) unemployment rate is 8.0 percent, and the labor force participation rate is 50 percent.
C) unemployment rate is 4 percent, and the labor force participation rate is 50 percent.
D) unemployment rate is 8.7 percent, and the labor force participation rate 50 percent.
Correct Answer:
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Q148: The employment/population ratio identifies the proportion of
Q149: Figure 8-1 Q150: Suppose the population (age 16 and over) Q151: The natural rate of unemployment Q152: The employment/population ratio is the number of Q154: How would the Bureau of Labor Statistics Q155: The employment/population ratio _ between 1980 and Q156: During the last several decades the labor Q157: Teenage unemployment is substantially higher than unemployment Q158: Which of the following best explains why
A) is an
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