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I need some help completing this exercise on unemployment and inflation and labor force participation


In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million wor

F LITERATURE The labor force participation rate is the percentage of the working age population in the labor force. Suppose a
The unemployment rate O A. shows the percentage of the population that is considered unemployed OB. shows the percentage of t

The monthly market basket for consumers consists of pizza, t-shirts, and rent. The table below shows market basket quantities

What index is used to measure the average prices paid by a typical family? An average of the prices of the goods and services
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Answer #1

Answer:

Question 1)

Total Work age Popultion L=400 Millions

Total Labor force F = workers employed + workers unemployed =320+12=332 millions

So Labor force participation rate = F/L = 332/400=83%

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