1. What is the size of Appledale’s labor force?
2. What is Appledale’s employment rate?
3.
What is Appledale’s unemployment rate?
4. What percentage of the population are discouraged workers? 7.8%
7B. Now suppose a new factory opens in Appledale that hires 1,000 workers, half of those hired had previously given up looking for work.
5. What is the new size of Appledale’s labor force?
6. What is Appledale’s new employment rate?
7. What is Appledale’s new unemployment rate?
8. What percentage of the population is now considered discouraged workers?