Suppose that the adult population consists of 19.04 million, those not in the labour force are 7.56 million and the number of unemployed is 0.88 million. Prior to the calculation of these figures, 0.1 million people dropped out of the labour force as they were unable to find suitable work. What is the total number of employed? Write your answer in millions, and round it to 1 decimal place.
Suppose that the adult population consists of 19.04 million, those not in the labour force are 7.56 million and the number of unemployed is 0.88 million. Prior to the calculation of these figures, 0.1 million people dropped out of the labour force as they were unable to find suitable work. What is the total number of employed? Write your answer in millions, and round it to 1 decimal place.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 9P
Related questions
Question
Suppose that the adult population consists of 19.04 million, those not in the labour force are 7.56 million and the number of
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning