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1. Suppose that you are given the following informationAnswer the following questions: labor force 220 million Adults in the military Population below 16 50 million

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1. Suppose that you are given the following informationAnswer the following questions: labor force 220 million Adults in the military Population below 16 50 million Employed adults 180 million Institutionalized adults Not in labor force 40 million 1. What is the total population? 1 pt. (Show your work) 2. How many people are unemployed, and what is the unemployment rate? 2 pts. 3. What is the labor force participation rate? 1 pt

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