In 2013 approximately 58 percent of the adult population, Ask an Expert

Economics

In 2013, approximately 58 percent of the adult population (245 million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the prerecession level of 62 percent,

(a) How many more people would be working?

Instructions: Round your answer to one decimal place.

Million

(b) By how much would output increase if per worker GDP is $100,000?

Million

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91368081

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