You Are Given the Following Statistics About the Economy

question 54

Short Answer

You are given the following statistics about the economy:
Unemployment rate: 5.7%
Labor force participation rate: 71.7%
Number of unemployed: 10 million
Relevant population: 244 million
a. How many people are in the labor force?
b. How many people are employed?
c. How many people are classified as not being in the labor force?

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Definitions:

Hallucinations

Experiences of awareness and alertness without external inputs, yet possessing attributes of genuine perception.

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary, often observed in psychiatric conditions.

Type II Schizophrenia

Often referred to as the negative subtype, characterized primarily by negative symptoms such as reduced emotional expression and lack of motivation.

Mute

Unable or choosing not to speak; often due to physical, psychological, or emotional reasons.