Respuesta :
Answer:
a. 28.7 millions
b. 20.4 millions
c. 0.9231, or 92.31%
Explanation:
a. How much of the population is older than 16? million
Number of population older than 16 = Total population - Children under the age of 16 = 35.4 – 6.7 = 28.7 millions
b. What is the size of the labor force? million
Labour force = Employed + Unemployed = 18.5 + 1.9 = 20.4 millions
c. What is the labor force participation rate?
Working age population = Total population – Children under the age of 16 – Retirees = 35.4 – 6.7 – 6.6 = 22.1 millions
Labor force participation rate = Labor force ÷ Working age population = 20.4 ÷ 22.1 = 0.9231, or 92.31%
a. The population is older than 16 million is 28.7 millions.
b. The size of the labor force in million is 20.4 millions.
c. The labor force participation rate is 92.31%.
"Economy"
Answer a:
The population is older than 16 million is :
- Number of population older than 16 = Total population - Children under the age of 16
- Number of population older than 16 = 35.4 – 6.7
- Number of population older than 16 = 28.7 millions
The population is older than 16 million is 28.7 millions.
Answer b:
The size of the labor force in million is :
- Labor force = Employed + Unemployed
- Labor force= 18.5 + 1.9
- Labor force= 20.4 millions
The size of the labor force in million is 20.4 millions.
Answer c.
The labor force participation rate is :
Working age population
- Working age population = Total population – Children under the age of 16 – Retirees
- Working age population = 35.4 – 6.7 – 6.6
- Working age population = 22.1 millions
Labor force participation rate
- Labor force participation rate = Labor force ÷ Working age population
- Labor force participation rate = 20.4 ÷ 22.1
- Labor force participation rate = 0.9231, or 92.31%
The labor force participation rate is 92.31%.
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