2. The following table shows employment data from the BLS for September 2012. Showyour work.Civilian, over 16 years of age, non-institutionalized populationEmployedUnemployeda. Calculate the Labor Forceb. Calculate the Unemployment Ratec. Calculate the Labor Force Participation Ratea. Calculate the number of people in the Labor Force:3. Use the data below to answer the questions. Show your work.Labor force participation ratePopulation (assume everyone is over 16 years of age, civilian, non-institutionalized inthis economy)Unemployment rateb. Calculate the number of people Unemployed:210 millionc. Calculate the number of people Employed:140 million20 million60%150 million5%

The labor force refers to the total number of people who are employed or seeking employment in a…

2. The following table shows employment data from the BLS for September 2012. Show your work. Civilian, over 16 years of age, non-institutionalized population Employed Unemployed a. Calculate the Labor Force b. Calculate the Unemployment Rate c. Calculate the Labor Force Participation Rate 210 million 140 million 20 million

2. The following table shows employment data from the BLS for September 2012. Show your work. Civilian, over 16 years of age, non-institutionalized population Employed Unemployed a. Calculate the Labor Force b. Calculate the Unemployment Rate c. Calculate the Labor Force Participation Rate 210 million 140 million 20 million

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 2P

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Similar questions

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