Business, 20.02.2020 21:39 Terrydactly
Suppose the working-age population of a fictional economy falls into the following categories: 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 people are not employed and are not actively looking for employment. {Show all the steps including the relevant formulae & proper units}
(1) What is the size of Labor force
(2) What is the Unemployment rate
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Suppose the working-age population of a fictional economy falls into the following categories: 60 ha...
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