2018 2019 327,096 329,065 b. unemployment change? Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2002 and 2007, by how much did a. the labor force change? million million c. employment change? 162,075 163,539 million 6,314 6,001
2018 2019 327,096 329,065 b. unemployment change? Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative sign (-) in front of that number. Between 2002 and 2007, by how much did a. the labor force change? million million c. employment change? 162,075 163,539 million 6,314 6,001
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Using the following population and employment data for the United States (2000-2019), answer three questions.
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Total Population Labor Force (in
(in thousands)
thousands)
282,434
142,583
285,545
143,734
288,600
144,863
291,049
146,510
293,708
149,401
296,639
149,320
299,801
151,428
302,045
153,124
304,906
154,287
307,007
154,142
309,438
153,889
311,663
153,617
313,998
154,995
316,205
155,389
318,563
155,922
320,897
157,130
323,127
159,187
325,085
160,320
327,096
162,075
329,065
163,539
Instructions: Round your responses to one decimal place. If you are entering a number that is decreasing be sure to enter a negative
sign (-) in front of that number.
Between 2002 and 2007, by how much did
a. the labor force change?
million
b. unemployment change?
million
c. employment change?
Unemployment
(in thousands)
5,692
6,801
8,378
8,774
8,149
7,591
7,001
7,078
8,924
14,265
14,825
13,747
12,506
11,460
9,617
8,296
7,751
6,982
6,314
6,001
million
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