City A has a total population of 10 million, of which 70 percent are adults. Assume that 20 percent of the adult population is not looking for a job and 60 percent of the remaining adult population is employed. Compute:
a. Labor-force participation rate
b. Unemployment Rate

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The Answer of City A has a total population of 10 million, of which 70 percent are adults. Assume that 20 percent of the adult population is not looking for a job and 60 percent of the remaining adult population is employed. Compute:
a. Labor-force participation rate
b. Unemployment Rate

City a Has a Total Population of 10 Million, of Which