Essay
In April 2000,the United States had a labor force of 141,230,000,employment of 135,706,000,and there were 67,986,000 people not in the labor force (all numbers rounded to the nearest 1000).
(a)Calculate the unemployment rate.
(b)Calculate the participation rate.
(c)Calculate the employment ratio.
Correct Answer:
Verified
(a)Unemployment = labor force - employme...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q86: According to Okun's law,if output grew 7%
Q87: The aggregate supply of labor is the<br>A)total
Q88: Suppose the economy's production function is Y
Q89: Suppose the marginal product of labor is
Q90: How many people are unemployed if the
Q92: Suppose the marginal product of labor is
Q93: Assuming that the growth rate of full-employment
Q94: An invention that speeds up the Internet
Q95: Suppose the economy's production function is Y
Q96: Assume that the full-employment level of output