Final answer:
The labor force of the country comprises 5.5 million individuals, with an unemployment rate of 9.09%. About 68.75% of the adult population is in the labor force. A pie chart would show employed, unemployed, and out-of-labor force individuals as 62.5%, 6.25%, and 31.25% of the total adult population, respectively.
Step-by-step explanation:
Understanding Unemployment and Labor Force Statistics
To find the size of the labor force in a given country, we combine the number of employed and unemployed individuals. In the case provided, that would be 5 million employed plus 500,000 unemployed, resulting in a labor force of 5.5 million. The official unemployment rate is calculated by dividing the number of unemployed by the total labor force, and then multiplying by 100 to get a percentage. This means the unemployment rate is (500,000 / 5.5 million) * 100, which equals approximately 9.09%.
To understand what share of the population is in the labor force, we divide the labor force by the total adult population, and again multiply by 100 for the percentage. This results in (5.5 million / 8 million) * 100, or 68.75% of the adult population being in the labor force. If we were to sketch a pie chart to visualize these groups, employed individuals would make up 62.5% of the pie (5 million out of 8 million), unemployed would be 6.25% (500,000 out of 8 million), and those not in the labor force would be the remaining 31.25% (2.5 million out of 8 million).