Scenario 28-1
Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categorized as follows: 25 million people employed,3 million people unemployed,1 million discouraged workers,and 1 million people who are either students,homemakers,retirees,or other people not seeking employment.
-Refer to Scenario 28-1.What is the labor-force participation rate?
A)83.3%
B)86.7%
C)93.3%
D)96.7%

Question

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The Answer of Scenario 28-1
Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categorized as follows: 25 million people employed,3 million people unemployed,1 million discouraged workers,and 1 million people who are either students,homemakers,retirees,or other people not seeking employment.
-Refer to Scenario 28-1.What is the labor-force participation rate?
A)83.3%
B)86.7%
C)93.3%
D)96.7%

Scenario 28-1 Suppose That the Bureau of Labor Statistics Reports That the That