Suppose that the participation rate is 8%, the labor force is 100 million, and the number of employed workers is 90 million. Determine (i) the number of unemployed workers; (ii) the unemployment rate;...



Suppose that the participation rate is 8%,


the labor force is 100 million, and the number


of employed workers is 90 million. Determine (i)


the number of unemployed workers; (ii) the unemployment rate; (iii) the employment rate; and


(iv) the total working-age population.



May 26, 2022
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