-On December 31, 2008, on a Remote Northern Island There

$$\begin{array}{l}\text { Labor Market Flows }\\\begin{array} { l c } \quad \text { During 2009 } & \text { Number of People } \\\hline \text { Hires and recalls } & 1,000 \\\text { Job losers } & 500 \\\text { Job leavers } & 300 \\\text { Entrants } & 200 \\\text { Reentrants } & 300 \\\text { Withdraw als } & 300\end{array}\end{array}$$
-On December 31, 2008, on a remote northern island there were 18,000 people employed, 2,000 people unemployed, and 5,000 people not in the labor force.The table above gives information taken from a labor survey on a remote northern island.If the working-age population does not change during 2009, then the labor force participation rate at the end of 2009 is

A) 80 percent.
B) 81 percent.
C) 0.08 percent.
D) less than at the end of 2005.
E) 10 percent.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free