Suppose that you are given the following information: Total population.......................................................................330.0 million Adult, noninstitutionalized, nonmilitary population............260.0 million Unemployment.........................................................................8.5

Question:

Suppose that you are given the following information:

Total population.......................................................................330.0 million

Adult, noninstitutionalized, nonmilitary population............260.0 million

Unemployment.........................................................................8.5 million

a. If the labor force participation rate is 65 percent, what is the labor force?

b. How many workers are employed?

c. What is the unemployment rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: