2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force - 161.600 Unemployment = 7.757 A. Calculate the number of people (16 years old and over) not in the labor force. B. Calculate the number of employed civilian workers. C. What is the unemployment rate?

2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force - 161.600 Unemployment = 7.757 A. Calculate the number of people (16 years old and over) not in the labor force. B. Calculate the number of employed civilian workers. C. What is the unemployment rate?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 1.2P

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