The following is a report from a not-very-efficient BLS survey taker: There were 65 people in the

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The following is a report from a not-very-efficient BLS survey taker: “There were 65 people in the houses I visited, 10 of them children under 16; 25 people had fulltime jobs, and 5 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 5 full-time students over age 16, and 2 people who were disabled and couldn’t work. The remaining people did not have jobs but all said they would like one. One of these people had not looked actively for work for three months, however.” Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. (LO4)

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Principles Of Macroeconomics

ISBN: 9781259414367

6th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics

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