If Macroland had the following information   200 - Employed Workers  100 - Not working, but still looking for a job 100 - Students not looking for a job 100 - Retired workers 100 - Children What is the Participation Rate of Macroland? Your answer should be a percentage

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section: Chapter Questions
Problem 7QP
icon
Related questions
Question

If Macroland had the following information

 

  • 200 - Employed Workers 
  • 100 - Not working, but still looking for a job
  • 100 - Students not looking for a job
  • 100 - Retired workers
  • 100 - Children

What is the Participation Rate of Macroland?

Your answer should be a percentage

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co