In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3 million. Of these, 22.7 million were employed and 1.4 million were unemployed. Based on these numbers what were the unemployment rate and the labor-force participation rate of the foreign-born U.S. population?
a. 1.4/35.3 and 22.7/35.3
b. 1.4/35.3 and 24.1/35.3
c. 1.4/24.1 and 22.7/24.1
d. None of the above is correct.
d
You might also like to view...
Suppose Robert deposits $100 of cash into a checking account at a commercial bank. His actions will
A) decrease M1 by $10,000. B) increase M1 by $10,000. C) produce no change in M1, but M1 will decrease in the future because the bank has excess reserves. D) produce no change in M1, but M1 will increase because the bank has excess reserves.
The alteration of exchange rates to move the economy to internal and external balance may lead to all EXCEPT
A) a balance of payments crisis. B) changes in the terms of trade. C) changes in the level of imports or exports. D) changes in interest rates. E) a guaranteed unilateral improvement in economic wealth.