Please print this assignment and show your work on the printed pages. 1. Notation Pop = adult population LFPR = labor-force participation rate L =

Assume: Between 2016 and 2017, LFPR decreased by 1 percent.*

a. Fill in the blank spaces on the table and show your calculations below. (There is more room at the top of the next page, also.)

* This does not mean that LFPR is 0.74 for 2017. 2

b. Given the percent changes in Pop and LFPR, use one of the “arithmetic tricks” from the FYI box on page 26 in the text to estimate the percent change in L. Compare this estimate with the actual percent change in L.

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