Suppose the government of a small nation has provided the following data: Adult Population 698,000 Full-time...

Suppose the government of a small nation has provided the following data:

Adult Population	698,000
Full-time Workers	369,940
Part-time Workers	21,638
Unemployed workers actively looking for work	36,703
Unemployed workers who have become discouraged	7,678
Part-time workers under 16	4,886
Unemployed workers under 16 actively looking for work	2,094

Instructions: Round your answers 2 decimal places.

What is the labor force participation rate? percent

What is the unemployment rate? percent

Expert Solution

Rahul Sunny answered 2 years ago

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