Problem
What would be the labor force participation rate if:
a. The __________ population = 200 million, the labor force = 160 million, and employment = 140 million?
b. The __________ population = 200 million, the labor force = 140 million, and employment = 120 million?
c. Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force?
d. Starting from the situation in (a), what would happen to the labor force participation rate if employment rose from 140 million to 150 million?
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.