Econland's population of 260,000 includes 60,000 children below age 16, 40,000 retirees, 5,000 discouraged workers, 30,000 full-time homemakers, 110,000 employed persons, and 10,000 unemployed persons. What is the labor force participation rate of Econland? Round to the nearest whole percentage.
A) 46%
B) 50%
C) 55%
D) 60%
Correct Answer:
Verified
Q2: Which of the following is NOT a
Q3: The labor force consists of:
A) all persons
Q4: Jonia's population of 500,000 includes 95,000 children
Q5: Jonia's population of 500,000 includes 95,000 children
Q6: Econland's population of 260,000 includes 60,000 children
Q8: Which one of the following people would
Q9: In order to be classified as unemployed,
Q10: Econia has a population of 1 million.
Q11: Econia has a population of 1 million.
Q12: What has happened to the U.S. labor
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