Homework answers / question archive / Assume the following data for a country: Category Number of People (Millions) Total population 500 Population under 16 years of age or institutionalized 120 Not in labor force 120 Unemployed 13 Part-time workers looking for full-time jobs 10 a) What is the size of the labor force?________ million b) What is the official unemployment rate?__________%  

Assume the following data for a country: Category Number of People (Millions) Total population 500 Population under 16 years of age or institutionalized 120 Not in labor force 120 Unemployed 13 Part-time workers looking for full-time jobs 10 a) What is the size of the labor force?________ million b) What is the official unemployment rate?__________%  

Economics

Share With

Assume the following data for a country:

a) What is the size of the labor force?________ million

b) What is the official unemployment rate?__________%