Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
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. 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.)
Expert Solution
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
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
