7) Calculate: If there are 360 million people living in the U.S, and 289 million are eligible workers while 80 million are considered discouraged workers and 10 million are considered unemployed at a rate of 10%, what is the number of people in the labor force?

7) Calculate: If there are 360 million people living in the U.S, and 289 million are eligible workers while 80 million are considered discouraged workers and 10 million are considered unemployed at a rate of 10%, what is the number of people in the labor force?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 2SCQ: Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How...

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7) Calculate: If there are 360 million people living in the U.S, and 289 million are eligible workers while 80
million are considered discouraged workers and 10 million are considered unemployed at a rate of 10%,
what is the number of people in the labor force?

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