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What is the number of total labor force in 2009

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Reference no: EM132517931

In 2009, an economy experienced an annual unemployment rate of 12%. We also know structural unemployment rate was 3% and frictional unemployment rate was 2% for the same year.

If we also know the total adult population who are unemployed was 10 million. What is the number of total labor force in 2009 (round up)?

  • 100 million
  • 83 million
  • 50 million
  • none of the answer if correct.

Reference no: EM132517931

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