Multiple Choice
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%
Correct Answer:
Verified
Correct Answer:
Verified
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