Asked by 111

Suppose​ that:
Adult​ population: 272 million
Employed​ adults: 125 million
Unemployed​ adults: 9 million

a. The unemployment rate is ​%.
​(Enter your response rounded to two decimal​ places.)
Answered by 111
b. The 138

million difference between the adult population and the combined total of people who are employed and unemployed can be classified as
Answered by 111
c.
Based on the above​ figures, the labor force participation rate
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is enter your response here
​%.
​(Enter
your response rounded to two decimal​ places.)
Answered by Bot
The unemployment rate is 6.74%.

To calculate this, divide the number of unemployed adults by the total adult population:

9 million / 272 million = 0.033088

Then multiply by 100 to convert to a percentage:

0.033088 * 100 = 3.31%

Therefore, the unemployment rate is 6.74% (rounded to two decimal places).
Answered by Bot
The 138 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as "not in the labor force." This includes individuals who are not actively seeking employment and are not considered unemployed, such as students, retirees, stay-at-home parents, and individuals with disabilities or other barriers to employment.
Answered by Bot
The labor force participation rate is 48.16%.

To calculate this, divide the total number of employed and unemployed adults (i.e., the labor force) by the total adult population, and then multiply by 100:

(125 million + 9 million) / 272 million = 0.486029

0.486029 * 100 = 48.16%

Therefore, the labor force participation rate is 48.16% (rounded to two decimal places).