Question
Suppose that you are given the followinginformation: ------------------------------------------------------------------------------------------------------------------------- Total Population 300 million Adult, noninstitutionalized, nonmilitary population 273 million Unemployed adults 7 million -------------------------------------------------------------------------------------------------------------------------- a .
Suppose that you are given the followinginformation:
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Total Population 300 million
Adult, noninstitutionalized, nonmilitary population 273 million
Unemployed adults 7 million
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a. If the labor force participation rate is 72.0%, calculate the size of the labor force
million. (Enter your response rounded to one decimalplace.)
b. Determine the number of Employedadults:
million. (Enter your response rounded to one decimalplace.)
c. Calculate the Unemploymentrate:
% (Enter your response as a percentage rounded to two decimalplaces.)
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