Suppose that you are given the following information: Total population....................................................300.0 million Adult, noninstitutionalized, nonmilitary population...........200.0 million Unemployment.........................................................7.5
Question:
Total population....................................................300.0 million
Adult, noninstitutionalized, nonmilitary population...........200.0 million
Unemployment.........................................................7.5 million
a. If the labor force participation rate is 70 percent, what is the labor force?
b. How many workers are employed?
c. What is the unemployment rate?
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a Labor Force includes all Individuals aged 16 years and older who is either working or actively loo...View the full answer
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