business economics
Unemployment rate calculation, demand and supply analysis of exchange rates
© BrainMass Inc. brainmass.com October 9, 2019, 11:50 pm ad1c9bdddfhttps://brainmass.com/economics/exchange-rates/unemployment-rate-calculations-269708
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3) Using the information in the following table, answer the following questions:
Component Number of people
(millions)
Total population 246
Working-age population 207
Labor force 139
Employed 133
Unemployed 6
- What is the unemployment rate?
Unemployed/ labor force = 6/139 =4.3%
- What is the labor force participation ...
Solution Summary
The expert examines unemployment rate calculation, demand and supply analysis of exchange rates.
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