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Suppose the projection for the working-age population in the year 2024 for the United States is 265 million. If the unemployment rate and the labor force participation rate are the same in 2024 as they were in 2000, how much employment will there be? (Round your answer to one decimal point.) Employment = million

Suppose the projection for the working-age population in the year 2024 for the United States is 265 million. If the unemployment rate and the labor force participation rate are the same in 2024 as they were in 2000, how much employment will there be? (Round your answer to one decimal point.) Employment = million

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
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The table below contains some information about employment, labor force, and population levels in the United States at the turn of each decade. Year Total Employment Unemployment Rate Labor Force Participation Rate Working-Age Population (millions) (percent) (percent) (millions) 1990 2000 2010 2020 138.4 Employment = 7.2 million 6.3 3.9 63.6 66.4 67.0 64.8 168.9 190.0 213.7 Suppose the projection for the working-age population in the year 2024 for the United States is 265 million. If the unemployment rate and the labor force participation rate are the same in 2024 as they were in 2000, how much employment will there be? (Round your answer to one decimal point.) 236.8
Transcribed Image Text:The table below contains some information about employment, labor force, and population levels in the United States at the turn of each decade. Year Total Employment Unemployment Rate Labor Force Participation Rate Working-Age Population (millions) (percent) (percent) (millions) 1990 2000 2010 2020 138.4 Employment = 7.2 million 6.3 3.9 63.6 66.4 67.0 64.8 168.9 190.0 213.7 Suppose the projection for the working-age population in the year 2024 for the United States is 265 million. If the unemployment rate and the labor force participation rate are the same in 2024 as they were in 2000, how much employment will there be? (Round your answer to one decimal point.) 236.8
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