Find size of the labor force and official unemployment rate, Microeconomics

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Find size of the labor force and official unemployment rate

Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force? What is the official unemployment rate?

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Microeconomics: Find size of the labor force and official unemployment rate

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Microeconomics: Find size of the labor force and official unemployment rate

Reference No:- TGS070133

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Often of the effects of personality depend

Q : Managing a customer-centric market

Q : What was the thorp''s standard direct labor rate per hour

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Q : Find size of the labor force and official unemployment rate

Q : Develop one or more hypotheses and operationalize concept

Q : Changes in voltages from moment when switch is closed

Q : Amount required for comparable living expenses

Q : What is the variable overhead efficiency variance

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find size of the labor force and official unemployment rate

Reference No:- TGS070133

Recent Questions Asked Microeconomics

Q : Often of the effects of personality depend

Q : Managing a customer-centric market

Q : What was the thorp''s standard direct labor rate per hour

Q : Study of marketing professionals

Q : Find size of the labor force and official unemployment rate

Q : Develop one or more hypotheses and operationalize concept

Q : Changes in voltages from moment when switch is closed

Q : Amount required for comparable living expenses

Q : What is the variable overhead efficiency variance

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