U.S. population is 328 million people 70 million individuals are legally classified as unable to work (are less than 16 years of age, institutionalized, or in the military) 96 million who could be working are classified as uninterested working 7 million are classified as unemployed Given this information, what is the employment to population ratio?
U.S. population is 328 million people 70 million individuals are legally classified as unable to work (are less than 16 years of age, institutionalized, or in the military) 96 million who could be working are classified as uninterested working 7 million are classified as unemployed Given this information, what is the employment to population ratio?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...
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Assume that
- U.S. population is 328 million people
- 70 million individuals are legally classified as unable to work (are less than 16 years of age, institutionalized, or in the military)
- 96 million who could be working are classified as uninterested working
- 7 million are classified as
unemployed
Given this information, what is the employment to population ratio?
State your answer as a percentage (type in the percentage symbol), and round to one decimal place, i.e. xx.x%
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