Answered: In the country of Kong the labor force…

In the country of Kong the labor force participation rate is 64%, the unemployment rate is 16%, and the adult population was 57140. How many people are employed in Kong?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 7QP

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Question

In the country of Kong the labor force
participation rate is 64%, the
unemployment rate is 16%, and the adult
population was 57140. How many people
are employed in Kong?

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