I am struggling with this question

Anonymous
timer Asked: Aug 11th, 2014
account_balance_wallet $5

Question Description

Data for an economy shows that the unemployment rate is 10%, the participation rate 75 percent, 200 million people 16 years or older are not in the labor force. How many people are employed in this economy? 

Answer: 540 million

Tutor Answer

madhavant
School: Purdue University

Participation rate =75%

Non participation rate =25%

25% =200 million

100% = 800 million

Participation labor force = 800*0.75 =600

Unemployment rate =10%

Employed =600*(0.9) = 540 million



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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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