Total population Children under the age of 16 Retirees Employed Unemployed Number of People (millions) 35.4 6.7 6.6 18.5 1.9 1.2 0.5 Not actively seeking employment Homemakers Instructions: Round your answers to one decimal place. a. How much of the population is older than 16? million b. What is the size of the labor force? million c. What is the labor force participation rate? %

Total population Children under the age of 16 Retirees Employed Unemployed Number of People (millions) 35.4 6.7 6.6 18.5 1.9 1.2 0.5 Not actively seeking employment Homemakers Instructions: Round your answers to one decimal place. a. How much of the population is older than 16? million b. What is the size of the labor force? million c. What is the labor force participation rate? %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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