The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 Children under the age of 16 6.7 Retirees 6.6 Employed 18.5 Unemployed 1.9 Not actively seeking employment 1.2 Homemakers 0.5 Instructions: Round your answers to one decimal place. a. How much of the population is older than 16? million b. What is the size of the labor force? million c. What is the labor force participation rate? %
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Home » Business » The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 Children under the age of 16 6.7 Retirees 6.6 Employed 18.5 Unemployed 1.9 Not actively seeking employment 1.