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1 5) We have the following information about the current labor market condition of a hypothetical country reported by the government: Total population = 300,000,000

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1 5) We have the following information about the current labor market condition of a hypothetical country reported by the government: Total population = 300,000,000 persons Those who are not able to do civilian work = 20 percent of total population Those not in labor force = 45 percent of civilian population Unemployed = 10 percent of labor force Calculate the following: Civilian population = persons Labor force = persons Not in labor force = persons Employed = persons Unemployed = persons Labor force participation rate = percent. Use our rounding rules. Even for the number of persons, use two decimal places and no commas. 1 5) We have the following information about the current labor market condition of a hypothetical country reported by the government: Total population = 300,000,000 persons Those who are not able to do civilian work = 20 percent of total population Those not in labor force = 45 percent of civilian population Unemployed = 10 percent of labor force Suppose that 5 million immigrants enter the country. These immigrants do not have work permits and it will take a few years to get them. Of course, 5 million is an unrealistically large number, but it will result in round numbers (hint: the objective of this sentence was to mislead you!) What numbers will the government report for 2021? Civilian population = persons Labor force = persons Not in labor force = persons Employed = persons Unemployed = persons Use our rounding rules. Even for the number of persons, use two decimal places and no commas

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