Suppase thet you are given the bolowing imformstion Tolal Populabon Adult, nonin

Question

Suppase thet you are given the bolowing imformstion Tolal Populabon Adult, noninsttutionalzed, nonmlitary population Unemployed adufts 300 milioni 253 milior aduts a It the labor forcae partio " ir the lat or one patiopaton rale is 73 0% calculate the sze of he b Deter, me the number of Emp loyed adults m 1 on (Enter your response round dto one deci nal place) labor torce I milion (Enter your respanse rounded to one decimal place) ne the number of Employed adultsmilion (Enter your rasponse rounded to one decimal place ) Caitiate the Unemployment late | ale ¾ (Enter your response as a percentago rounde, tho recima, plane | (Enter your response as a percentage e un d tomo o canal places Enter your answer in each of the answer boxes.

Explanation / Answer

a) size of labour force =total active emplyable adults*participation rate =253*0.73 million=184.7 million

b)Number of employed adults =184.69-5 =179.7 million

c)unemployment rate =(5/184.69)*100 =2.71%

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