In a small country, the adult population equals 5,000. There are 4,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals
A) 25 percent.
B) 80 percent.
C) 30 percent.
D) an undetermined amount given the lack of information.
B
Economics
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Because unemployment is a macroeconomic topic, an increase in unemployment would not be expected to have any impact on the equilibrium price or quantity in the market for an individual good
Indicate whether the statement is true or false
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Describe how marginal utility and demand are related
Please provide the best answer for the statement.
Economics