Question Suppose the following data describes a nation's population. Year 1 | 200 million Year2 Population 203 million Working age population 160 million 170 million Labour force 120 million 125 million Unemployment rate 6 percent 6 percent a. Compute the labour force participation rate. b. What percentage is outside the working age? c. Mention any three (3) categories of people outside the labour force.

Question Suppose the following data describes a nation's population. Year 1 | 200 million Year2 Population 203 million Working age population 160 million 170 million Labour force 120 million 125 million Unemployment rate 6 percent 6 percent a. Compute the labour force participation rate. b. What percentage is outside the working age? c. Mention any three (3) categories of people outside the labour force.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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