Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jul 07, 2024

Suppose that you are given the following information.Answer the following questions: labor force200 millionAdults in the military1 millionPopulation below 1650 millionEmployed adults180 millionInstitutionalized adults3 millionNot

Suppose that you are given the following information.Answer the following questions:

labor force200 millionAdults in the military1 millionPopulation below 1650 millionEmployed adults180 millionInstitutionalized adults3 millionNot in labor force40 million

What is the total population? 1 pt.(Show your work)

How many people are unemployed, and what is the unemployment rate? 2 pts.

What is the labor force participation rate? 1 pt.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

9781119563099

Students also viewed these Economics questions

Question

Linear transformations: Taxes and fees Assume prices for used Audi A4s available on carmax.com follow a normal distribution with mean $23,800 and standard deviation $4,380. a. Prices quoted on...

Answered: 1 week ago

Question

★★★★★

You are the president and founder of Gold Strike Inc., a mining company that acquires land and mines gold. The success of your company is largely dependent on finding large deposits of gold. To do...

Answered: 1 week ago

Question

★★★★★

Fraud Investigators Inc. operates a fraud detection service. a. On March 31, 10 customers were billed for detection services totaling $34,000. b. On October 31, a customer balance of $1,950 from a...

Answered: 1 week ago

Question

★★★★★

There is only one copying machine in the student lounge of the business school. Students arrive at the rate of 50 per hour? (according to a Poisson? distribution). Copying takes an average of 40

Answered: 1 week ago

Question

★★★★★

Conrad sends his quality control manager to Mexico to ensure the quality of a new manufacturer is meeting specifications. Which risk is Conrad addressing? Question 20 options: Process risk Control...

Answered: 1 week ago

Question

★★★★★

Exercise 5-4 Allocation of Cost and Workpaper Entries at Date of Acquisition On January 1, 2012, Porter Company purchased an 80% interest in Salem Company for $260,000. On this date, Salem Company...

Answered: 1 week ago

Question

★★★★★

One World Not Three (OWNT) Relief Fund is an international nonprofit relief agency based in the United States. OWNT recently celebrated its tenth anniversary and is in the middle of trying to expand...

Answered: 1 week ago

Question

★★★★★

explain why U.S. presidents often favor a "lower dollar" over the course of their presidency. Explain the relationship between the relative value of the dollar and its relationship to U.S. exports...

Answered: 1 week ago

Question

★★★★★

The real cost of palm oil case study discussed how the unsustainable farming of palm in Borneo, Sumatra and lower China is perhaps the biggest threat to _____________________. Group of answer choices...

Answered: 1 week ago

Previous Question Next Question