1. Business
  2. Economics
  3. if there are 400000 persons aged 16 or older in...

Question: if there are 400000 persons aged 16 or older in...

Question details

If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor force, what percentage of the population is NOT in the labor force? | |%. (Enter your response rounded to one decimal place.) In the economy of 400,000, 280 residents who were 15 turned 16 today and began to look for work. What is the effect on the labor force? O A. The labor force remains unchanged. O B. The labor force increased by 140 O C. The labor force increased by 280 O D. The labor force decreased by 280The Bureau of Labor Statistics calculates the unemployment rate. When it performs the labor survey, it discovers a man who stopped searching for work, feeling hopeless that he would find it. How is this man counted? O A. employed B. discouraged O C. unemployed OD. in the labor force

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution