1 A country has a working age population of 50 million. Its labour force participation rate is 55% and its unemploymentrate is 8%. VWhat are the number of people in the labour force and the number of people in employment?Select one:a. No. of people in the labour force, 27.5 millions and no. of people in employment, 25.3 millionsb. No. of people in the labour force, 23.5 millions and no. of people in employment, 27.5 millionsC.No. of people in the labour force, 27.5 millions and no. of people in employment, 22.5 millionsd. No. of people in the labour force, 25.3 millions and no. of people in employment, 22.5 millions

Given Information, Working age Population = 50 million Labor Force Participation rate = 55%…

A country has a working age population of 50 million. Its labour force participation rate is 55% and its unemployment rate is 8%. What are the number of people in the labour force and the number of people in employment? Select one: a. No. of people in the labour force, 27.5 millions and no. of people in employment, 25.3 millions O b. No. of people in the labour force, 23.5 millions and no. of people in employment, 27.5 millions No. of people in the labour force, 27.5 millions and no. of people in employment, 22.5 millions С. d. No. of people in the labour force, 25.3 millions and no. of people in employment, 22.5 millions

A country has a working age population of 50 million. Its labour force participation rate is 55% and its unemployment rate is 8%. What are the number of people in the labour force and the number of people in employment? Select one: a. No. of people in the labour force, 27.5 millions and no. of people in employment, 25.3 millions O b. No. of people in the labour force, 23.5 millions and no. of people in employment, 27.5 millions No. of people in the labour force, 27.5 millions and no. of people in employment, 22.5 millions С. d. No. of people in the labour force, 25.3 millions and no. of people in employment, 22.5 millions

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 2P

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