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In an economy, the working-age population is 150 million. Of this total, 114 million workers are
employed. 6 million workers are unemployed. 21 million workers are not available for work
(homemakers, full-time students, etc.). 3 million workers are available for work but are
discouraged and thus are not seeking work. 2 million workers are available for work but are not
currently seeking work due to transportation or childcare problems. The unemployment rate in this
economy is %. (Round your answer to one decimal place.) The labor force participation rate in this
economy is %. (Round your answer to one decimal place.)

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In an economy the workingage population is 150 million Of.pdf

  • 1. In an economy, the working-age population is 150 million. Of this total, 114 million workers are employed. 6 million workers are unemployed. 21 million workers are not available for work (homemakers, full-time students, etc.). 3 million workers are available for work but are discouraged and thus are not seeking work. 2 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is %. (Round your answer to one decimal place.) The labor force participation rate in this economy is %. (Round your answer to one decimal place.)