The labor force is comprised of those who are working for any number of hours (the employed) and those who are out of work but actively looking for a job (the unemployed). calculate the size of the labor force. the size of the adult population is 30,000. the number working is 17,700 and the number of unemployed actively looking for work is 1,600. a. labor force: people a commonly reported labor statistic is the labor force participation rate 'lfpr':

Labor force 19,300

Labor Force participation Rate: 64.33%

Explanation:

working population                                  17,700

unemployed actively looking for work    1,600  

Total Labor Force                                    19,300

Labor Force Participation Rate (LFPR):

It is the quotient between the Labor force and the total number of people eligible for a job

19,300/30,000 = 0.6433 = 64.33%

This will be the percentage of the population over 16 year which, are actively looking for a job or are already hired in one.

the answer is . a novel has no sub-plot, but a novella does

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know