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Suppose that you are given the following information: Total Population 300 million Adult, noninstitutionalized, nonmilitary population 281 million Unemployed adults 7 million a. If the

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Suppose that you are given the following information: Total Population 300 million Adult, noninstitutionalized, nonmilitary population 281 million Unemployed adults 7 million a. If the labor force participation rate is 70.0%, calculate the size of the labor force: million. (Enter your response rounded to one decimal place.) b. Determine the number of Employed adults: million. (Enter your response rounded to one decimal place.) c. Calculate the Unemployment rate: % (Enter your response as a percentage rounded to two decimal places.)

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