1)Total Population 330.0 million Adult, noninstitutionalized, non military population  260.0 million Unemployment 8.5 million a) If the labor force participation rate is 65% what is the labor force? b) How many workers are employed? c) What is the unemployment rate?

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 7CQ
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1)Total Population 330.0 million

Adult, noninstitutionalized, non military population  260.0 million

Unemployment 8.5 million

a) If the labor force participation rate is 65% what is the labor force?

b) How many workers are employed?

c) What is the unemployment rate?

 

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