Unemployment a) Find the missing values. Country Adult Population Employed Adults Unemployed Adults Labor Force Labor Force Participation Rate Unemployment Rate A 600 mln 350 mln 25 mln B 180 mln 20 mln 67% C 40 mln 65% 23% D 5 mln 3 mln 14% b) Adult population of country E is 1 million people. In country E, 35% of adult population has a cat, while everyone else doesn’t. Of all adults with cats, only 10% are not in the labor force. Of all adults without cats, 50% are not in the labor force. Unemployment rate among people with cats is 20%. Unemployment rate among people without cats is 5%. Calculate the values listed below and provide formulas for your calculations. • Labor force participation rate in country E. • Unemployment rate in country E. • Number of employed adults with cats. • Number of employed adults without cats. Compare the number of employed adults with cats and without cats. Why are these two numbers relatively close to each other, while the number of adults with and without cats differ so much?
a) Find the missing values.
| Country | Adult Population | Employed Adults | Unemployed Adults | Labor Force | Labor Force Participation Rate | Unemployment Rate |
| A | 600 mln | 350 mln | 25 mln | |||
| B | 180 mln | 20 mln | 67% | |||
| C | 40 mln | 65% | 23% | |||
| D | 5 mln | 3 mln | 14% |
b) Adult population of country E is 1 million people. In country E, 35% of adult population has
a cat, while everyone else doesn’t. Of all adults with cats, only 10% are not in the labor force.
Of all adults without cats, 50% are not in the labor force. Unemployment rate among people
with cats is 20%. Unemployment rate among people without cats is 5%. Calculate the values
listed below and provide formulas for your calculations.
• Labor force participation rate in country E.
• Unemployment rate in country E.
• Number of employed adults with cats.
• Number of employed adults without cats.
Compare the number of employed adults with cats and without cats. Why are these two
numbers relatively close to each other, while the number of adults with and without cats
differ so much?
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Compare the number of employed adults with cats and without cats. Why are these two numbers relatively close to each other, while the number of adults with and without cats differ so much?
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