Data for an Economy Shows That the Unemployment Rate Is

Multiple Choice

Data for an economy shows that the unemployment rate is 10%, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force.How many people are in the working-age population in this economy?

A) 250 million
B) 800 million
C) 1.0 billion
D) 1.6 billion