Calculate labor force participation rate-unemployment rate, Microeconomics

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Calculate labor force participation rate-unemployment rate

The bureau of labor statistics reported that in mid 2012 the total labor force was 155 million of a possible 244 million working age adults. the total number of unemployed was 13 million. from this information, calculate the following;

a. labor force participation rate
b. unemployment rate
c. employment - population ratio

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Microeconomics: Calculate labor force participation rate-unemployment rate

Reference No:- TGS038410

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Request for Solution File

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Microeconomics: Calculate labor force participation rate-unemployment rate

Reference No:- TGS038410

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Element of the market economy

Q : What is the discretionary financing

Q : How does the surtax affect budget constraint

Q : Determining overhead by using fifo process costing

Q : Calculate labor force participation rate-unemployment rate

Q : Determine equivalent unit by weighted average method

Q : Explain increase or decrease profits of cigarette companies

Q : Problem related to credit card fee deductible

Q : Construct payoff matrix using hypothetical information

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate labor force participation rate-unemployment rate

Reference No:- TGS038410

Recent Questions Asked Microeconomics

Q : Element of the market economy

Q : What is the discretionary financing

Q : How does the surtax affect budget constraint

Q : Determining overhead by using fifo process costing

Q : Calculate labor force participation rate-unemployment rate

Q : Determine equivalent unit by weighted average method

Q : Explain increase or decrease profits of cigarette companies

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Q : Construct payoff matrix using hypothetical information

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