(Solved): 1. Refer to the table below. Answer the following questions. Year Civilian Civilian Emplo ...
1. Refer to the table below. Answer the following questions. Year Civilian Civilian Employed Noninstitutional Population (mil) Labor Force (mil) Persons (mil) 1 250 200 175 2 400 300 200 3 500 400 350 4 1000 800 720 a) How many people are not in the labor force in year 1? How many unemployed persons are there in year 1? The unemployment rate in year 1 is: The labor force participation rate in year 1 is: The employment rate in year 1 is: b) How many people are unemployed in year 2? How many people are not in the labor force in year 2? The employment rate in year 2 is: The unemployment rate in year 2 is: c) The unemployment rate in year 3 is: The employment rate in year 3 is: How many people are not in the labor force in year 3? How many unemployed persons are there in year 3? How many unemployed persons are there in year 4? How many people are not in the labor force in year 4? The labor force participation rate in year 4 is: The labor force participation rate in year 4 is: The unemployment rate in year 4 is:The employment rate in year 4 is:
