Business, 07.07.2020 04:01 sbudlove2838

2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a
database maintained by the country's ministry of labor:
Total population
24,512,311
Military personnel
98,539
People below 16 years of age
4,240,102
People in elderly care centers
1,232,130
People who didn't look for job in last 4 weeks
831,304
House wives whose sole activity is home-making 3,424,204
Volunteers
313,200
Self-employed people
3,423,042
People who are jobless, actively looking for a job, 2,234,100
and available for work
Calculate the unemployment rate and the labor force of New Zombie. Show your
calculation. (See next page for the formula and directions for this problem).

2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor

Statistics to

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