The following information is given for an economy:. Labor Force of an Economy
Number of People (millions)
Total population30.3
Children under the age of 166.1
Retirees5.7
Employed15.8
Unemployed1.6
Not actively seeking employment0.6
Homemakers0.5
Instructions: Round your answers to 1 decimal place.
a. How much of the population is older than 16? million
b. What is the size of the labor force? million
c. What is the labor force participation rate? %

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions