The table below reports the total population in a country and the number of people in different groups.Total populationPeople in jailPeople working part timePeople working full timeChildren less than 16 years of agePeople serving in the militaryRetireesMarginally attached workersFull-time studentsWhat is the unemployment rate?%.250 million20 million20 million100 million25 million10 million15 million10 million20 million

Employment rates are defined as a measure of the extent to which available labour resources (people…

The table below reports the total population in Total population People in jail People working part time People working full time Children less than 16 years o People serving in the milita Retirees Marginally attached worke Full-time students. What is the unemployment rate?

The table below reports the total population in Total population People in jail People working part time People working full time Children less than 16 years o People serving in the milita Retirees Marginally attached worke Full-time students. What is the unemployment 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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Laos' total population is 300,000. There are 60,000 people under the age of 16 in Laos. Laos' Labour Force size is 180,000. Currently there are 150,000 members of the Labour Force working. 1. What is Laos Labour Force Participation Rate? 2. What is Laos' unemployment rate?
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