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Use the labour market information given below to answer the following questions: * Total opulation = 10 milliol Working - a * ge population = 7.5 million Labour force = 6 million Unemployed = 1 million Calculate the number of individuals (in millions) not in the labour force. a) 2.5 b) 1 c) 1.5 d ) 4.0

Use the labour market information given below to answer the following questions: * Total opulation = 10 milliol Working - a * ge population = 7.5 million Labour force = 6 million Unemployed = 1 million Calculate the number of individuals (in millions) not in the labour force. a) 2.5 b) 1 c) 1.5 d ) 4.0

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 1P
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Use the labour market information given below to answer the following questions: * Total opulation = 10 milliol Working - a * ge population = 7.5 million Labour force = 6 million Unemployed = 1 million Calculate the number of individuals (in millions) not in the labour force. a) 2.5 b) 1 c) 1.5 d ) 4.0
Transcribed Image Text:Use the labour market information given below to answer the following questions: * Total opulation = 10 milliol Working - a * ge population = 7.5 million Labour force = 6 million Unemployed = 1 million Calculate the number of individuals (in millions) not in the labour force. a) 2.5 b) 1 c) 1.5 d ) 4.0
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