1. In April 2020, at the trough of the Covid-19 recession – which lasted a whopping two months – the Bureau of Labor Statistics announced that of all adult Americans, 133,320,000 were employed, 23,038,000 were unemployed, and 103,538,000 were not in the labor force. Use this information to calculate: a. the adult population: b. the labor force: c. the labor-force participation rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage): d. the unemployment rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage):
1. In April 2020, at the trough of the Covid-19 recession – which lasted a whopping two months – the Bureau of Labor Statistics announced that of all adult Americans, 133,320,000 were employed, 23,038,000 were unemployed, and 103,538,000 were not in the labor force. Use this information to calculate: a. the adult population: b. the labor force: c. the labor-force participation rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage): d. the unemployment rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage):
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter20: Unemployment
Section: Chapter Questions
Problem 1PA
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1. In April 2020, at the trough of the Covid-19 recession – which lasted a whopping two months – the Bureau of Labor Statistics announced that of all adult Americans, 133,320,000 were employed, 23,038,000 were unemployed, and 103,538,000 were not in the labor force. Use this information to calculate:
a. the adult population:
b. the labor force:
c. the labor-force participation rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage):
d. the
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