Please calculate the unemployment rate given the following information: Please round to two decimal places in your answer. Do not include the % sign Total Population: 280,270,378 Homemakers: 18,874,567 Retired:  24,687,155 Labor Force:  225,314,672 Under the Age of 16: 30,799,600 Discouraged Workers:  9,678,228 Unemployed:  31,482,365 Underemployed:  5,977,312

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 1SCQ: Suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9...
icon
Related questions
Question

Please calculate the unemployment rate

given the following information:

Please round to two decimal places in your answer. Do not include the % sign

Total Population: 280,270,378

Homemakers: 18,874,567

Retired:  24,687,155

Labor Force:  225,314,672

Under the Age of 16: 30,799,600

Discouraged Workers:  9,678,228

Unemployed:  31,482,365

Underemployed:  5,977,312

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Unemployment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning