In 2020, the all ages population of Canada was 38092817, out of which the population under 15 years was 6042917 and over 65 years was 6845502. There were 19361326 people who are employed and the unemployment rate was 8.85%. What was the labour force participation rate?

In 2020, the all ages population of Canada was 38092817, out of which the population under 15 years was 6042917 and over 65 years was 6845502. There were 19361326 people who are employed and the unemployment rate was 8.85%. What was the labour force participation rate?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is labor force participation rate of following country adult population = 200 million labor force = 160 millions total employed = 140 millions
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