November 25, 2015

Homework Help: macroeconomics

Posted by Mac on Monday, June 29, 2009 at 12:56pm.

Population: 250,000
Unemployed: 20,000
Labor Force Participation Rate: 80%
(a) How many people are in the labor force?
(b) What is the unemployment rate?

Not in the labor force: 125,000
Unemployed: 25,000
Employed: 100,000

What is the unemployment rate?

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