1. a) If population 16 or older in Germany is = 70,159,000 and labor force participation rate (LFPR) - 56.43%, what is the size of the labor force? b) In 2016, there were 7.7 million unemployed and 151.4 million employed workers in United States. Calculate the unemployment rate in 2016.

1. a) If population 16 or older in Germany is = 70,159,000 and labor force participation rate (LFPR) - 56.43%, what is the size of the labor force? b) In 2016, there were 7.7 million unemployed and 151.4 million employed workers in United States. Calculate the unemployment rate in 2016.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 12SQ

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Macro Exam 1 Uploaded Section
1. a) If population 16 or older in Germany is = 70,159,000 and labor force participation rate (LFPR)
= 56.43%, what is the size of the labor force?
b) In 2016, there were 7.7 million unemployed and 151.4 million employed workers in United
States. Calculate the unemployment rate in 2016.
Show all your calculations for full credit.

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