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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Suppose 60 million people are employed, 10 million are unemployed, and 30 million are not in the labor force. What does the civilian noninstitutional population equal?

To determine

The Civilian non-institutional population.

Explanation

Given the number of employed people is 60 million, the number of unemployed people is 10 million, and the number of people who are not in the labor force is 30 million.

The number of people in the Civilian non-institutional population includes the number of people who are in the Civilian labor force and the number of people who are not in the labor force. The number of people in the Civilian non-institutional population can be calculated using Equation (1) as follows:

Civilian non-institutional population=(Civilian labor force+Number of people who are not in the labor force) (1)

The Civilian labor force includes the number of employed and unemployed people

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