If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor force, what percentage of thepopulation is NOT in the labor force? %. (Enter your response rounded to one decimal place.)

Given: Total Population= 400,000 Labor Force= 275,000 The labor force is calculated by summation of…

Answered: If there are 400,000 persons aged 16 or…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor force, what percentage of the population is NOT in the labor force? %. (Enter your response rounded to one decimal place.)