Find size of labor force in united states for given year


Use the following scenario to answer questions.

In a given year in the United States, the total number of residents is 170 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 10 million.

(1.) What is the size of the labor force in the United States for the given year?

(2.) What is the unemployment rate in the United States for the given year?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find size of labor force in united states for given year
Reference No:- TGS0512851

Expected delivery within 24 Hours