5. The total population is 98.4 million. The participation rate is 77.9%. The population employed is 49.8 million and the unemployment rate is 11.1%. a. How many people are in the labour force? b. How many are unemployed? c. How many people are in the civilian noninstitutional population?

5. The total population is 98.4 million. The participation rate is 77.9%. The population employed is 49.8 million and the unemployment rate is 11.1%. a. How many people are in the labour force? b. How many are unemployed? c. How many people are in the civilian noninstitutional population?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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5. The total population is 98.4 million. The participation rate is 77.9%. The population employed is 49.8 million and the
unemployment rate is 11.1%.
a. How many people are in the labour force?
b. How many are unemployed?
c. How many people are in the civilian noninstitutional population?

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