In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3 million. Of these, 22.7 million were employed and 1.4 million were unemployed. Based on these numbers what were the unemployment rate and the labor-force participation rate of the foreign-born U.S. population?

a. 1.4/35.3 and 22.7/35.3
b. 1.4/35.3 and 24.1/35.3
c. 1.4/24.1 and 22.7/24.1
d. None of the above is correct.


d

Economics

You might also like to view...

Markets are

A) a mechanism through which prices of goods and services are determined by the forces of supply and demand. B) specific geographic locations. C) hypothetical constructs used to analyze how people form their tastes and preferences. D) places where people can inspect goods and services carefully.

Economics

Under a progressive tax system:

a. the average tax rate increases with increases in real GDP. b. the average tax rate remains constant with changes in real GDP. c. the average tax rate falls with increases in real GDP. d. government tax receipts increase when the economy is in a recession. e. government tax receipts decrease when the economy is expanding.

Economics

Even when a market appears to be a monopoly, it can be contestable if there are many potential entrants.

Answer the following statement true (T) or false (F)

Economics

Refer to the information provided in Figure 13.10 below to answer the question(s) that follow.  Figure 13.10 Refer to Figure 13.10. The monopoly profit-maximizing number of subscribers and price are ________ and ________, respectively.

A. 1,000; $16. B. 2,200 $13. C. 2,500; $12. D. 800; $15.

Economics