Principles of Macroeconomics (12th Edition)
12th Edition
ISBN: 9780134078809
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 7, Problem 1.8P
Subpart (a):
To determine
Size of labor force.
Subpart (b):
To determine
Number of unemployed.
Subpart (c):
To determine
Working age population.
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Check out a sample textbook solutionStudents have asked these similar questions
Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725.
What is the size of the labor force?
How many people are unemployed?
What is the size of the working-age population?
Chapter 7 Solutions
Principles of Macroeconomics (12th Edition)
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- Are all adults who do not hold jobs counted as unemployed?arrow_forwardA country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.arrow_forwardMany college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?arrow_forward
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