Please answer a and b pls helpDon't answer by pen paper 9. We discussed employment calculations inclass. Using this illustration and the followingexample, answer the questions that follow.Consider an economy made up of 100 people:70 hold jobs 12 are looking for work 6 are full-time students 7 are stay-at-home parents, and5 are retired.a. How many people in this small 100-personeconomy are in the civilian labor force?b. How many people in this small 100-personeconomy are counted as unemployed?

Given information: There are 100 people. 70 hold jobs 12 are looking for work 6 are full-time…

9. We discussed employment calculations in class. Using this illustration and the following example, answer the questions that follow. Consider an economy made up of 100 people Id 70 hold ighs 12 are looking for work 6 are full.

9. We discussed employment calculations in class. Using this illustration and the following example, answer the questions that follow. Consider an economy made up of 100 people Id 70 hold ighs 12 are looking for work 6 are full.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4PA

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Please answer a and b pls help

Don't answer by pen paper

9. We discussed employment calculations in
class. Using this illustration and the following
example, answer the questions that follow.
Consider an economy made up of 100 people:
70 hold jobs 12 are looking for work 6 are full-
time students 7 are stay-at-home parents, and
5 are retired.
a. How many people in this small 100-person
economy are in the civilian labor force?
b. How many people in this small 100-person
economy are counted as unemployed?

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