Consider an economy in which all inhabitants described below are unique (no one fits into more than one category). All people described below are between 20 and 50 years old.

• 2600 work full time
• 600 work part time
• 150 are not working but are currently actively looking for employment
• 50 are not working and are not currently looking for employment

1. Calculate the labor force for this economy. We will use this data again on a future question.

2. The unemployment rate is ________ percent.

Enter your answer "as a percent, but without the percentage sign." If you think the unemployment rate is 99.99 percent, enter only 99.99 in the blank. We will use this data again on a future question.

Answer rating: 100% (QA)

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