1. According to INEC, the number of people employed, unemployed, and the adult population in Ecuador for June 2022 was 8,190,999, 345,620, and 12,850,763, respectively.  a) Calculate the number of people not in the labor force. b) Calculate the labor force. C) Calculate the unemployment rate.   d) Calculate the labor-force participation rate.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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1. According to INEC, the number of people employed, unemployed, and the adult

population in Ecuador for June 2022 was 8,190,999, 345,620, and 12,850,763,

respectively. 

a) Calculate the number of people not in the labor force.

b) Calculate the labor force.

C) Calculate the unemployment rate.

 

d) Calculate the labor-force participation rate.

 

2. which of the problems in the construction of the CPI might be illustrated by each of the following situations?

 

a) invention of the iPad

 

b) The introduction of air bags in cars

 

c) increase personal computer purchases in response to a decline in the price

 

d) more scoops of raisins in each of package of raisin bran

 

e) Greater use of fuel efficient cars after gasoline prices increase

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