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Answer Parts (A) Through (D) Using the Information in Table

Question 172

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Answer parts (a) through (d) using the information in Table 6.7.
(a) Calculate the number of unemployed workers.
(b) Calculate the number of workers in the labor force.
(c) Calculate the unemployment rate.
(d) Calculate the labor- force participation rate.
(e) Calculate the unemployment rate if 50,000 unemployed workers become "discouraged" and decide to stop looking for work?

Correct Answer:

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(a) There are 450,000 unemployed workers...

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