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?

Solutions

Expert Solution

Rahul Sunny answered 3 months ago

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