Calculate the unemployment rate and the labor force particip…
Calculate the unemployment rate and the labor force participation rate in the following cases: (round answers to one place after the decimal) a) Employed: 100 million. Population: 200 million. In labor force: 110 million. Unemployment rate: %. Labor force participation rate: %. b) Unemployed: 10 million. Population: 200 million. Employed: 90 million. Unemployment rate: %. Labor force participation rate: %. c) In labor force: 30 million. Population: 80 million. Unemployed: 3 million. Unemployment rate: %. Labor force participation rate: %.