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sveta [45]
3 years ago
12

In 2016, 59.7 percent of the adult population (253 million) was employed. If the employment rate increased to 62 percent,

Business
1 answer:
kolezko [41]3 years ago
8 0

Answer:

a. 5.819 million

b. $709918

Explanation:

Below is the calculation:

a. Total number of adult population = 253 million

Total employed adult = 253 x 59.7% = 151.041

Number of employed adult after increase in employment rate = 253 x 62% = 156.86

More people would be working = 156.86 - 151.041 = 5.819 million

b. GDP per capita is $122,000, so increase in GDP = 5.819 x 122000

    Increase in GDP = $709918

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