Answer:
labor-force participation rate = 57 %
Unemployment rate = 5.1 %
Explanation:
Given :
Adult population = 62.2 million
Employed population = 33.7 million
Unemployed population = 1.8 million
Therefore labor force can be calculated by = ( Employed population + Unemployed population )
= 33.7 + 1.8
= 35.5 million
Thus labor-force participation rate = ( Labor Force / Adult Population ) x 100
= ( 35.5 / 62.2 ) x 100
= 57.07
~ 57 percent
Now,
Unemployment rate = ( Unemployed / Labor Force) x 100
= ( 1.8 / 35.5 ) x 100
= ( 1.8 / 35.5 ) x 100
= 5.07
~ 5.1
Therefore, labor-force participation rate = 57 %
Unemployment rate = 5.1 %
Answer:
Inflation refers to a situation where there is a general increase in prices for the goods and services sold in the market.
Explanation:
This is generally bad for wage and salary workers because the increase in their earning usually outpaced by the increase in prices. Overtime, This will cause a decrease in standard of living because the amount of products that they can afford using their earnings continue to decrease.
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Rotation ; I'm guessing you're taking Earth Science
Answer:
its you again
Explanation:
number 6 is c
and number 7 is A.
I got it correct when i did it. so good luck
