Consider the following information about an economy with a labor force participation rate of 80%. Labor force 500 Number of people employed 425 Number of discouraged workers 15 a. What is the population 15 years and older of this economy? b. How many people are unemployed? What is the unemployment rate? . c. If the discouraged workers joined the labor force, but total employment did not change, what would be the new unemployment rate?

Consider the following information about an economy with a labor force participation rate of 80%. Labor force 500 Number of people employed 425 Number of discouraged workers 15 a. What is the population 15 years and older of this economy? b. How many people are unemployed? What is the unemployment rate? . c. If the discouraged workers joined the labor force, but total employment did not change, what would be the new unemployment rate?

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