Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?

Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 2WNG

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