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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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