Recent data for the us reveal the following all figures in, Ask an Expert

Economics

Recent data for the U.S. reveal the following (all figures in millions).

Total population 304.2

Under 16 or institutionalized 71.1

Employed 146.3

Unemployed 7.6

Use the data to find the following:

a. The size of the labor force.

b. The number classified as "not in the labor force."

c. The unemployment rate.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236128

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question 1 suppose janet sells papayas at a perfectly

Question: 1. Suppose Janet sells papayas at a perfectly competitive market in Thailand. While her average total cost (ATC) reaches a minimum level of $3, her minimum average variable cost (AVC) is $2. a. At what price wi ...

Question what is the relationship if any between production

Question: What is the relationship (if any) between production technology (i.e. productivity) and cost ? In your analysis define the various cost structures (short-run & long-run); Describe the difference between account ...

Question petunias farm produces and sells milk the market

Question: Petunia's Farm produces and sells milk. The market for milk is perfectly competitive. The market price of milk is $2.50 per gallon. The relationship between the farm's output and total costs is shown in the tab ...

Question identify and explain some of the challenges that

Question: Identify and explain some of the challenges that modernization theory faces When applied to Third World societies. What alternative theories have been promoted to explain the reasons for Third World poverty. Pl ...

Question you are paying a series of five constant-dollar or

Question: You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1830.5 beginning at the end of first year. Assume that the general inflation rate is 30.37% and the market interest rate is ...

Question an investor buys a coupon bond and holds it for

Question: An investor buys a coupon bond and holds it for exactly one year and then sells it in a secondary market prior to maturity. The investor buys it for $4,000, sells it one year later for $4,300 and receives a cou ...

Question using two demand and supply diagrams one for the

Question: Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-in ...

Question like supermarkets full-service department stores

Question: Like supermarkets, full-service department stores like Macy's are generally in decline. What factors might these types of stores have in common behind their declines? How would you determine which were importan ...

Question coke is manufactured by a publicly held company

Question: Coke is manufactured by a publicly held company. For this product predict the following: Where is the product manufactured? Given the suggested retail price of the company and using a 50% markup on price at ret ...

Question for the healthcare industry submit analysis of

Question: For the healthcare Industry: Submit analysis of current forces affecting the auto industry and begin competitve structure and resources). 1. Include charts/graphs and tables indicating trends 2. Describe indust ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert