Use the following table of information for the following questions:
Total Population
350 million
Under 16
23 million
Labor force
240 million
Employed
156 million
Not in the labor force
87 million
a. What is the total number of people unemployed in this economy? Enter just the number, rounding to two decimal places if needed (for example: 212 or 341.13, etc). There are million unemployed people in this economy.
b. What is the unemployment rate? Enter just the number, rounding to two decimal places if needed (for example: 212 or 341.13, etc). The unemployment rate for this economy is % (note that you are giving your answer as a percent).