Author Question: If the number of unemployed workers is 19 million, the number in the working-age population is 500 ... (Read 105 times)

robinn137 · **on:** Jun 29, 2018

If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4, how many workers are in the labor force?

A) 1 million B) 20 million C) 475 million D) 481 million

Question 2

Refer to the Article Summary. Labor productivity in the UK was well below the productivity in five of the other G7 nations, only faring better than Japan.. Labor productivity is important for an economy because an increase in labor productivity

A) will increase output and decrease wages in the long run.
B) will increase the labor force participation rate.
C) will create short-run, but not long-run, economic growth.
D) allows the average consumer to increase consumption.