Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and anunemployment rate of 8 percent. How many people were unemployed?1) 2.54 million2) 2.76 million3) 3.68 million4) 8 million Suppose that some country had an adult population of about 50 million, 28.5 million were employed and 1.5 million wereunemployed. What was the labor force participation rate?1) 3%O 2) 57%3) 60%O 4) None of the above is correct.

Note:- “Since you have asked multiple question, we will solve the first question for you. If you…

Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were unemployed? 1) 2.54 million 2) 2.76 million 3) 3.68 million O 4) 8 million

Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were unemployed? 1) 2.54 million 2) 2.76 million 3) 3.68 million O 4) 8 million

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

Suppose that some country had an adult population of about 46 million, a labor-force participation rate of 75 percent, and an
unemployment rate of 8 percent. How many people were unemployed?
1) 2.54 million
2) 2.76 million
3) 3.68 million
4) 8 million

Suppose that some country had an adult population of about 50 million, 28.5 million were employed and 1.5 million were
unemployed. What was the labor force participation rate?
1) 3%
O 2) 57%
3) 60%
O 4) None of the above is correct.

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