What is the unemployment rate for the 2016 statistics listed below? Use the numbers and theFormula belowUnemployment Rate FormulaUnemployed PeopleLabor Forcex 100Total adult population over the age of 16253.5 millionIn the labor force1591 million (62.8%)Employed1514 milionUnemployed77 millionOut of the labor force944 million (37.2%)

Unemployed = 7.7 Total labor force = 159.1 Unemployment Rate = 7.7/159.1 = 4.84%

at is the unemployment rate for the 2016 statistics listed below? Use the numbers and the nula below Unemployment Rate Formula Unemployed People Labor Force x 100 ladult ppulation over the age of 16 253.5 million me labor force 1591 milin (62.8%) mloyed 1514 million mployed 7 millon of the labor force 944 million (37.2%)

at is the unemployment rate for the 2016 statistics listed below? Use the numbers and the nula below Unemployment Rate Formula Unemployed People Labor Force x 100 ladult ppulation over the age of 16 253.5 million me labor force 1591 milin (62.8%) mloyed 1514 million mployed 7 millon of the labor force 944 million (37.2%)

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section15.1: Ldentifyinr Unemployment

Problem 1QQ

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