Calculate the employment rate Total Population: 500,270,378 Homemakers: 12,874,567 Retired: 42,687,155 Labor Force: 425,314,672 Under the Age of 16: 17,322,654 Discouraged Workers: 37,678,228 Employed: 399,482,365 Underemployed: 14,977,312

Calculate the employment rate Total Population: 500,270,378 Homemakers: 12,874,567 Retired: 42,687,155 Labor Force: 425,314,672 Under the Age of 16: 17,322,654 Discouraged Workers: 37,678,228 Employed: 399,482,365 Underemployed: 14,977,312

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 7QP

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Question

Calculate the employment rate

Total Population: 500,270,378

Homemakers: 12,874,567

Retired: 42,687,155

Labor Force: 425,314,672

Under the Age of 16: 17,322,654

Discouraged Workers: 37,678,228

Employed: 399,482,365

Underemployed: 14,977,312

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