Purchase Solution

Population question

Not what you're looking for?

Ask Custom Question

The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145, 999,000 were employed, 7,381,000 were unemployed, and 79,436,000 were not in the labor force. Use this information to calculate:

a. The adult population
b. The labor force
c. The labor-force participation rate
d. The unemployment rate

Purchase this Solution

Solution Summary

This solution provides a detailed, step-by-step explanation of the given economics problems.

Solution Preview

The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145, 999,000 were employed, 7,381,000 were unemployed, and 79,436,000 ...

Solution provided by:
Education
  • MBA, Aspen University
  • Bachelor of Science , Berea College
Recent Feedback
  • "Thank u"
  • "Thank You!"
  • "Thanks!"
  • "Thank you so much"
  • "Great job...thanks."
Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.