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Based on the information in Table 4: Table 4 U.S. Employment and Unemployment, April 2023 (Source: bls.gov) Total adult population over the age of
Based on the information in Table 4: Table 4 U.S. Employment and Unemployment, April 2023 (Source: bls.gov) Total adult population over the age of 16 In the labor force Employed Unemployed Out of the labor force 264.012 million 166.706 million 161.031 million 5.675 million 97.306 million a. What is the percentage of the adult population in the labor force? (2 pts.) b. What is the unemployment rate? (2 pts.) c. If 456,000 people are Discouraged Workers, how are they classified using the categories listed above? Note: They can be in more than one category. Explain fully. (2 pts.) d. Is the U.S. economy at full employment? Explain fully making specific reference to important macroeconomic measures. (2 pts.)
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a To calculate the percentage of the adult population in the labor force we can use the formula Perc...Get Instant Access to Expert-Tailored Solutions
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