3. City A has a total population of 10 million, of which 70 percent are adults. Assume that 20 percent of the adult popu
Posted: Sun Jun 05, 2022 12:10 pm
3. 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: 1) Labor-force participation rate 2) Unemployment rate 3) Employment-to-population ratio