Please round to two decimal places in your answer. Do not include the % sign Total Population: 150,270,378 Homemakers: 12,874,567 Retired: 14,687,155

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...
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Question 24
Please calculate the unemployment rate
given the following information:
Please round to two decimal places in your answer. Do not
include the % sign
Total Population: 150,270,378
Homemakers: 12,874,567
Retired: 14,687,155
Labor Force: 85,314,672
Under the Age of 16: 8,799,600
Discouraged Workers: 5,678,228
Employed: 79,482,365
Underemployed: 2,977,312
Transcribed Image Text:Question 24 Please calculate the unemployment rate given the following information: Please round to two decimal places in your answer. Do not include the % sign Total Population: 150,270,378 Homemakers: 12,874,567 Retired: 14,687,155 Labor Force: 85,314,672 Under the Age of 16: 8,799,600 Discouraged Workers: 5,678,228 Employed: 79,482,365 Underemployed: 2,977,312
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