Unemployment rate 5.0% Participation rate 62.5% Not in the labor force 60 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses as whole numbers. Labor force: million Working-age population: million Number of employed workers: million Number of unemployed workers: million
Unemployment rate 5.0% Participation rate 62.5% Not in the labor force 60 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses as whole numbers. Labor force: million Working-age population: million Number of employed workers: million Number of unemployed workers: million
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
Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to get:
|
5.0% |
Participation rate | 62.5% |
Not in the labor force | 60 million |
Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
Instructions: Enter your responses as whole numbers.
Labor force: million
Working-age population: million
Number of employed workers: million
Number of unemployed workers: million
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