Question 1
If the unemployment rate is 6.2% and the number of people employed is 200,000, the labor force is approximately
◦ 210,970 people.
◦ 212,400 people
◦ 213,220 people.
◦ cannot be determined from this information.
Question 2
If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate is
◦ 72%.
◦ 76%.
◦ 80%.
◦ 88%.