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Question 2a Suppose that the unemployment rate is 5%, the total working age population is 200...

Question 2a

Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. What is the labor force participation rate? (write your answer as XX.y. only one decimal)

Question 2b

Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. What is the labor force? (Write out the answer with all the zeroes)

I got 15,000,000

Question 2c

Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. Determine the number of employed workers.

I got 142,500,000

Question 2d

Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. Determine the employment-population ratio. (Write the answer in XX.y%)

I got 71.2

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