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How to get the # of employed in this economy?

Economics
Tutor: None Selected Time limit: 0 Hours

Data for an economy shows that the unemployment rate is 10%, the participation rate 80 percent, and 800 million people are in the labor force.How many people are employed in this economy? 720 million 

Aug 11th, 2014

participation is employed + looking for work

employed is total-unemployed

thus

.9*800 mil=720 mill

Aug 11th, 2014

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Aug 11th, 2014
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Aug 11th, 2014
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