What is the labor force participation rate in tatoonia


Problem

The population of Tatoonia is very small. Luis works full-time for pay. Robin works one shift a week as counter help at a fast-food restaurant. Sheila is retired. Shawna does not work for pay, but is thinking about getting a job and has been looking through employment postings to see what is available. Bob has given up looking for work, after months of not finding anything. Ana, the only child in the country, is 12 years old.

a. How would a household survey, following U.S. methods, classify each person?

b. What is the labor force participation rate in Tatoonia?

c. What is the unemployment rate in Tatoonia?`

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What is the labor force participation rate in tatoonia
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