For the following questions the US population in 2008 was 04 million. Round each answer to the nearest 10th of a million. How big was the Labor Force in November 2008? What was the size of the Labor force in the previous month? What was the size of the labor in year before?
04 million?
What does your text say about the size of the labor force?
304 million
To find the size of the labor force in November 2008, we need to know the labor force participation rate for that month. The labor force participation rate is the percentage of the population that is considered to be in the labor force.
Unfortunately, the question does not provide the labor force participation rate for November 2008. Without this information, it is not possible to directly calculate the size of the labor force.
Similarly, without the labor force participation rate for the previous month or the labor force size one year before, we cannot determine the size of the labor force for those specific time periods.