Answer the questions below:
(A) Fill in the table belaw shawing haw mary pedple were emplayed at the migpant of each decade.
(B) Suppose the prajection far the warking-ege papulation in the year 2025 is 153 millian. If the unemplayment rate and the labor force participation rate are the 5 mme in 2025 as they are in 2005, how much emplayment wril there be?
(C) Using the 5mme projection of 153 million far warking-age papulation in 2025, calculate the emplayment with an unemplayment rate of 7.2 percent and a labor force participation rate of 60 percent. Da the sane far a labor farce participation rate of 70 percent. Which of these estimates do you thirk is mare realistic? Why?
Correct Answer:
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million peaple.
It seems more real...
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