Suppose a country using the United States' system of calculating official unemployment statistics has 100 million people, of whom 50 million are working age. Of these 50 million, 20 million have jobs. Of the remainder: 10 million are actively searching for jobs; 10 million would like jobs but are not searching; and 10 million do not want jobs at all.

Q1: Refer to the information above. The labor force is
Q2: Refer to the information above. The labor force participation rate is
Q3: Refer to the information above. The official unemployment rate is

a. 30 million

b. 60%

c. 33.33%

Explanation:

The computation is shown below:

a)  Labor force = employed + unemployed

= 20 million + 10 million

= 30 million

b)  Labor-force participation rate = Labor force ÷ Working age population

= 30 million ÷ 50 million

= 60%

c)   Official unemployment rate = unemployed ÷ labor force

= 10 million ÷ 30 million  

= 33.33%

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: