Suppose that you are given the following information: Total population.......................................................................330.0 million Adult, noninstitutionalized, nonmilitary population............260.0 million Unemployment.........................................................................8.5
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Suppose that you are given the following information:
Total population.......................................................................330.0 million
Adult, noninstitutionalized, nonmilitary population............260.0 million
Unemployment.........................................................................8.5 million
a. If the labor force participation rate is 65 percent, what is the labor force?
b. How many workers are employed?
c. What is the unemployment rate?
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