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Consider the following data for an economy last year Total population 325.72millons part time worker looking for full job 15.89 millions unemployed worker who are

Consider the following data for an economy last year

Total population 325.72millons

part time worker looking for full job 15.89 millions

unemployed worker who are discourage for actively searching for job 8.25millons

retire and stay home parent 10.65millons

unemployed worker who are actively searching for work 12.72millons

population under 16yrs old 50.83millons

Employed workers in the underground economy 3.25millons

unemployed full time college student 40.35 millions

With the data above calculate

1 labour force

2 unemployment rate

2 which of the two kind of inflation is more devasting to economy nad why

3 explain where the us economy slowly recovered from unemployment long after the great recession of 2007-2009

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