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The following information is given for an economy: Labor Forceof an Economy Numberof People (millions) Total population 39.1 Children under the age of 16 7.3
The following information is given for an economy:
Labor Forceof an Economy
Numberof People (millions) | |
Total population | 39.1 |
Children under the age of 16 | 7.3 |
Retirees | 7.0 |
Employed | 20.3 |
Unemployed | 2.1 |
Not actively seeking employment | 1.8 |
Homemakers | 0.6 |
Instructions:Round your answers to one decimal place.
a. How much of the population is older than 16?
million
b. What is the size of the labor force?
million
c. What is the labor force participation rate?
%
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