2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force - 161.600 Unemployment = 7.757 A. Calculate the number of people (16 years old and over) not in the labor force. B. Calculate the number of employed civilian workers. C. What is the unemployment rate?

2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force - 161.600 Unemployment = 7.757 A. Calculate the number of people (16 years old and over) not in the labor force. B. Calculate the number of employed civilian workers. C. What is the unemployment rate?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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