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Consider the following labor market data for a fictional economy. Please answer each of the questions below, rounding yo
Posted: Sun Jun 05, 2022 4:32 pm
by answerhappygod
- Consider The Following Labor Market Data For A Fictional Economy Please Answer Each Of The Questions Below Rounding Yo 1 (42.45 KiB) Viewed 55 times
Consider the following labor market data for a fictional economy. Please answer each of the
questions below, rounding your answers to TWO decimal places. Year 2017 2018 Adult Population 200 310 Number of Employed Workers 145 190 Number of Unemployed Workers 15 50 1. The labor force in 2017 was and the labor force in 2018 was 2. The unemployment rate in 2017 was % and the unemployment rate in 2018 was % 3. The labor force participation rate in 2017 was in 2018 was 4. The number of people not in the labor force in 2017 was not in the labor force in 2018 was % and the labor force participation rate and the the number of people