Posted by **Mac** on Monday, June 29, 2009 at 12:56pm.

(1)

Population: 250,000

Unemployed: 20,000

Labor Force Participation Rate: 80%

(a) How many people are in the labor force?

(b) What is the unemployment rate?

(2)

Not in the labor force: 125,000

Unemployed: 25,000

Employed: 100,000

What is the unemployment rate?

- macroeconomics -
**Mac**, Monday, June 29, 2009 at 12:58pm
How many people are in the labor force and what is the unemployment rate?

- macroeconomics -
**Ms. Sue**, Monday, June 29, 2009 at 1:09pm
Assuming that the population includes only those people between 16 and 64, then 200,000 are working or actively looking for a job. The unemployment rate is 20,000 / 200,000 or 10%.

http://economics.about.com/od/unemploymentrate/f/labor_force.htm

## Answer This Question

## Related Questions

- Macroeconomics - Suppose the adult population is 200 million, the labor force ...
- math - need help in 1996, the civilian labor force of the united states included...
- Math - The labor force included 127 million people, and 5% were unemployed. How ...
- Accounting - Original budget for 2009 included $600,000 fixed overhead and $400,...
- math - Your industry currently employs 3,800,000 workers. If this labor force is...
- Math - In 2008 output for the country of OZ was 12,000 tons of potatoes and the ...
- math - im in sixth grade and im confused with this question.there are 44,000 ...
- Accounting - Original budget for 2009 included $600,000 fixed overhead and $400,...
- math pre cal - Your industry currently employs 3,800,000 workers. If this labor...
- Statistics - EU (European Union) countries report that 46% of their labor force ...

More Related Questions