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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 1
The Bureau of Labor Statistics reported the following data for 2010:
Labor force: 153.7 million
Employment: 139.1 million
Working-age population: 237.9 million
Calculate the
a. Unemployment rate.
b. Labor force participation rate.
c. Employment-to-population ratio.
Labor force: 153.7 million
Employment: 139.1 million
Working-age population: 237.9 million
Calculate the
a. Unemployment rate.
b. Labor force participation rate.
c. Employment-to-population ratio.
Explanation
Verified
Verified
a.
Unemployment rate is the percentage o...
Macroeconomics 12th Edition by Michael Parkin
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