Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Suppose that you are given the following information:    Total Population  300 million  Adult, noninstitutionalized, nonmilitary population 201 million  Unemployed adults 7 million  a

Suppose that you are given the following information:    Total Population  300 million  Adult, noninstitutionalized, nonmilitary population 201 million  Unemployed adults 7 million  a

Economics

Suppose that you are given the following information: 

 

Total Population  300 million 

Adult, noninstitutionalized, nonmilitary population 201 million 

Unemployed adults 7 million 

a. If the labor force participation rate is 66.0 %, calculate the size of the labor force _____million.   

(Enter your response rounded to one decimal place.)

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Computation of Labor Force Participation Rate:

Labor Force Participation Rate = Labor Force / Working-age Adult Population

0.66 = Labor Force / 201 million

Labor force = 201 million * 0.66 = 132.66 million