Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the labor force participation rate is approximately
A) 4 percent.
B) 48 percent.
C) 52 percent.
D) 56 percent.
Correct Answer:
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Q4: In June 2012, the U.S. labor force
Q5: What is the threshold age for individuals
Q6: If Sam does not have a job
Q7: Recall the Application about declining U.S. labor
Q8: Suppose an economy consists of 500,000 individuals
Q10: Table 6.1
Employment status of the working age
population
Q11: Suppose an economy consists of 500,000 individuals
Q12: If Sam does not have a job
Q13: Economists define the labor force to include
A)
Q14: Table 6.1
Employment status of the working age
population
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