TheAngel2202 TheAngel2202

03-06-2023
Business

contestada

Consider the following data of adults in a small town: 400 people have full time jobs 100 people have part time jobs 50 people do not have a job and are looking for work 450 people do not have a job and are not looking for work. a) Calculate the unemployment rate. b) Calculate the labor force participation rate. c) If the natural rate of unemployment is 5.5%, do you believe this town is in a recession?

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