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In: Economics

Suppose that you are given the following information. Answer the following question: Labor force 200 million...

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

Labor force 200 million
Adults in the military 1 million
Population below 16 50 million
Employed adults 180 million
Institutionalized adults 3 million
Not in Labor force 40 million

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

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

3. what is the labor force participation rate?

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