Suppose an economy consists of 300000 individuals 16 years, Ask an Expert

Economics

Suppose an economy consists of 300,000 individuals 16 years and older, 160,000 are employed, and 18,000 are unemployed but actively seeking work. In this example the labor force is:

a. 300,000

b. 160,000

c. 140, 000

d. 178,000

e. Cannot be determined from the information given

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91566154

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