Adult population of this town = total population - children under 16 = 100 - 10 = 90
Retired people, full time students and full time homemakers are not considered to be in labor force.
Labor force = employed + unemployed
Employed = people with full time jobs + people with part time jobs = 60 + 3 = 63
Unemployed= 100 - (10 +10 + 60 + 3 + 3 + 4) = 10
Labor force = employed + unemployed = 63 + 10 = 73
Labor force participation rate = (labor force/adult population)*100 = (73/90)*100 = 81.1%
Answer: option C
Question of Seves Time remaining 0:26 1.00 points MC Qu. 175 In a small town of......
12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there are 10 retired people, 63 people will full-time jobs, 5 people with part-time jobs, 2 full-time students, 4 full-time homemakers, and 16 people who do not have jobs, but want them. Only 12 of these latter 16 people without jobs had actively looked for a job in the preceding four weeks. In this town, the unemployment rate, (U3), is %....
In a small US town of 1,000 people there are 100 Children under 16, 100 retirees, 600, people with full-time jobs, 30 people with part-time jobs, 30 non-working full-time students aged 16 and over, and 40 full-time homemakers. the remaining people do not have jobs but want them. All except ten of these had actively searched for a job in the previous four weeks of the time when the Census Bureau interviewed in this town. Based on the data above,...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....