The labor force of a country was 50 million last year. The labor-force participation rate was 4% last year, but it increased to 6% in the current year. This implies the labor force in the current year is _____

a. 70 million
b. 75 million
c. 100 million
d. 35 million

b

Economics

You might also like to view...

The U.S. Supreme Court ruled that the tax on food processors in the 1933 Agricultural Adjustment Act (AAA) was unconstitutional

Indicate whether the statement is true or false

Economics

What type of economic analysis is limited to testable, verifiable statements?

a. Macroeconomics. b. Entrepreneurial economics. c. Positive economics. d. Normative economics.

Economics