Suppose that you are given the following information:
Labor force 206.2 million
Adults in the military 1.5 million
Nonadult population 48.0 million
Employed adults 196.2 million
Institutionalized adults 3.5 million
Nonmilitary, noninstitutionalized
adults not in labor force 40.8 million
a. What is the total population
b. How many people are unemployed, and what is the unemployment rate?
c. What is the labor force participation rate?