Answer to Question #300630 in Macroeconomics for Prit

Question #300630

If we have unemployment rate 4.0% , labor force 120000 and labor force participation rate 65.0% then how many are employed and how many are unemployed?

Expert's answer

Employed "=(65\/100)\\times120000"

"=0.65 \\times 120000"

"=78000"

Unemployed "=120000 - 78000"

"=42000"

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