Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me solve all the questions 15. Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy

please help me solve all the questions

image text in transcribed
15. Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725. MOTTA a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Mis

Authors: Kenneth Laudon

8th Edition

1292153776, 9781292153773

More Books

Students also viewed these Economics questions

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago