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 the labor force | 150 Unemployed | 23 Part-time workers looking for full-time jobs | 10 Instructions: Enter your answers as a whole number. a. What is the size of the labor force? million b. What is the official unemployment rate? percent
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Step 1: Calculate the size of the labor force by subtracting the population under 16 years and those not in the labor force from the total population. Show more…
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Assume the following data for a country: total population 500, population under 16 years of age or institutionalized 120, not in the labor force 150, unemployed 23, and part-time workers looking for full-time jobs 10. What is the size of the labor force and official unemployment?
Haricharan G.
Use the following data to calculate $(a)$ the size of the labor force and $(b)$ the official unemployment rate: total population, $500 ;$ population under 16 years of age or institutionalized, $120 ;$ not in labor force, $150 ;$ unemployed, $23 ;$ part-time workers looking for full-time jobs, $10 .$
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