Refer to the table below for the following question. Suppose this economy has labor force participation rate of 80%. How many people are in the working population?   Category Number of people Employed 48100 Not employed and searching for work 10900 Not employed and not searching for work 6600 Under 16 11000

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Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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Refer to the table below for the following question. Suppose this economy has labor force participation rate of 80%. How many people are in the working population?

 

Category Number of people
Employed 48100
Not employed and searching for work 10900
Not employed and not searching for work 6600
Under 16 11000
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