Given the following information: Total Population ………………………………………………………………400,000,000 Non – Adult Population ………………………………………………………80,000,000 Labor Force Participation Rate...

Given the following information:

Total Population ………………………………………………………………400,000,000

Non – Adult Population ………………………………………………………80,000,000

Labor Force Participation Rate ………………………………………………..80%

Employed …………………………………………………………………….. 240,000,000

(a) Please calculate the Adult Population and the labor Force. Please show all calculations for full credit

(b) What is the unemployment rate?

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Expert Solution

Rahul Sunny answered 1 year ago

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