Question

Assume the following data for a country: Total population Category Population under 16 years of age or institutionalized Not in labor force Unemployed Part-time workers looking for full-time jobs Number of People (Millions) 500 120 100 28 10 What is the size of the labor force? million What is the official unemployment rate? %

          Assume the following data for a country:

Total population
Category
Population under 16 years of age or institutionalized
Not in labor force
Unemployed
Part-time workers looking for full-time jobs
Number of People
(Millions)
500
120
100
28
10
What is the size of the labor force?  million
What is the official unemployment rate?  %

Assume the following data for a country:

Total population
Category
Population under 16 years of age or institutionalized
Not in labor force
Unemployed
Part-time workers looking for full-time jobs
Number of People
(Millions)
500
120
100
28
10
What is the size of the labor force? million
What is the official unemployment rate? %

Added by Arthur B.

Principles of Economics

Gregory Mankiw 8th Edition

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Assume the following data for a country: able[[Category, able[[Number of People],[(Millions)]]],[Total population,500],[Population under 16 years of age or institutionalized,120],[Not in labor force,100],[Unemployed,28],[Part-time workers looking for full-time jobs,10]] What is the size of the labor force? million What is the official unemployment rate? %