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Suppose the total pop. is 200 mil workers, 100 mil are in labor force, 80 mil are employed full time, 16 are employed part time; 5 mil people are discouraged workers. The unemployment rate is

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Final answer:

The unemployment rate is 9.09% and the share of the population in the labor force is 68.75%. A pie chart can be used to visually represent the proportions of the employed, unemployed, and those out of the labor force.

Step-by-step explanation:

The unemployment rate can be calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100. In this case, the number of unemployed individuals is 500,000 and the labor force is 5,500,000 (5,000,000 employed + 500,000 unemployed). So the unemployment rate can be calculated as:Unemployment Rate = (500,000 / 5,500,000) × 100 = 9.09%The share of the population in the labor force can be calculated by dividing the total labor force by the total population and multiplying by 100 Share of Population in Labor Force = (5,500,000 / 8,000,000) × 100 = 68.75%To sketch a pie chart that divides the adult population into these three groups, you will need to allocate a portion of the pie to each group based on their respective proportions. In this case, the pie chart would have three slices representing the employed (58.5%), the unemployed (6.2%), and those out of the labor force (35.3%).

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