Illustrate what is national income accounting and why is it, Ask an Expert

Economics

Given the information, find out the Labor force participation rate and unemployment rate.

1. The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labor force was 141.8 million, and the total number of employed was 135.1 million. find out the following:

a. Labor force participation rate

b. Unemployment rate.

2. Illustrate what is national income accounting and why is it useful?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M922476

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