The following is a report from a not-very-efficient BLS survey taker: There were 65 people in the

Question:

The following is a report from a not-very-efficient BLS survey taker: "There were 65 people in the houses I visited, 10 of them children under 16; 25 people had full-time jobs, and 5 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 5 full-time students over age 16, and 2 people who were disabled and couldn't work. The remaining people did not have jobs but all said they would like one. One of these people had not looked actively for work for three months, however." Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

Question Posted: