In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part - time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154 people without work who gave up looking for a job. Everyone else either had a full-time job or was actively searching for one, and the labor force participation rate is 57.6%. If fthe unemployment rate is 12.5%, what is the number of full-time employed people?

In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part - time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154 people without work who gave up looking for a job. Everyone else either had a full-time job or was actively searching for one, and the labor force participation rate is 57.6%. If fthe unemployment rate is 12.5%, what is the number of full-time employed people?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part
-time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154
people without work who gave up looking for a job. Everyone else either had a full-time job or was
actively searching for one, and the labor force participation rate is 57.6 %. If fthe unemployment rate is
12.5%, what is the number of full-time employed people?

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