19. Use the following table to answer the next three questions: Group # in Millions Work-eligible population ??? Labor force 161 Not in labor force 84 Employed ??? Unemployed 20 QP7Some a. According to the above table, what is the unemployment rate in this economy? b. According to the table, what is the work-eligible population in this economy? a. According to the table, what is the labor force participation rate in this economy?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
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19. Use the following table to answer the next three questions:
Group
# in Millions
Work-eligible population
???
Labor force
161
Not in labor force
84
Employed
???
Unemployed
20
QP7Some
a. According to the above table, what is the unemployment rate in this economy?
b. According to the table, what is the work-eligible population in this economy?
a. According to the table, what is the labor force participation rate in this economy?
Transcribed Image Text:19. Use the following table to answer the next three questions: Group # in Millions Work-eligible population ??? Labor force 161 Not in labor force 84 Employed ??? Unemployed 20 QP7Some a. According to the above table, what is the unemployment rate in this economy? b. According to the table, what is the work-eligible population in this economy? a. According to the table, what is the labor force participation rate in this economy?
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