Suppose that you are given the following information:
Labor force ..............................................................206.2million
Adults in the military .....................................................1.5 million
Non-adult population ...................................................48.0 million
Employed adults .......................................................196.2 million
Institutionalized adults ...................................................3.5 million
Nonmilitary, non-institutionalized adults not in labor force .....40.8 million
a. What is the total population?
b. How many people are unemployed, and what is the unemployment rate?
c. What is the labor force participation rate?