Question

1.Suppose that you are given the following​ information: Total Population 300 million ​Adult, noninstitutionalized, nonmilitary population 276 million Unemployed adults 5 million

a. If the labor force participation rate is 74.0​%, calculate the size of the labor force   __million. ​(Enter your response rounded to one decimal​ place.)

b. Determine the number of Employed​ adults: _____ million. ​(Enter your response rounded to one decimal​ place.)

c. Calculate the Unemployment​ rate: _______ ​% ​ (Enter your response as a percentage rounded to two decimal​ places.)

2.Bill lends Joann​ $1,000 for a year at a nominal interest rate of 77​%. If both Bill and Joann expect the inflation rate to be 44​% next​ year, then the real rate of interest is _______

3.

Suppose​ that:

Adult​ population:	335 million
Employed​ adults:	127 million
Unemployed​ adults:	44 million

a. The unemployment rate is _____​%.

​(Enter your response rounded to two decimal​ places.)

b. The 204 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as which of the following below

not in the civilian labor force.

part time workers.

seasonally unemployed workers.

.

c.Based on the above​ figures, the labor force participation rate is _______​%.

​(Enter your response rounded to two decimal​ places.)

Answer 1