The table below shows labor data for a country named Zhouland. Answer the following questions: Age (years) Have a full time job Have a part time job Don't have a job but are looking for one Don't have a job and are not looking for one Total <10       150 150 10-15       135 135 16-20 120 30 75 80 305 21-30 20 50 25 20 115 31-50 80 100 55 40 275 51-70 250 50 150 100 550 >70 60 40 30 170 300 [a] What is the size of the labor force in the above economy?  [b] Calculate the unemployment rate for this economy - up to 2 decimal points.  [c] Calculate the employment rate for this economy - up to 2 decimal points.

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The table below shows labor data for a country named Zhouland. Answer the following questions:

Age (years) Have a full time job Have a part time job Don't have a job but are looking for one Don't have a job and are not looking for one Total
<10       150 150
10-15       135 135
16-20 120 30 75 80 305
21-30 20 50 25 20 115
31-50 80 100 55 40 275
51-70 250 50 150 100 550
>70 60 40 30 170 300

[a] What is the size of the labor force in the above economy? 

[b] Calculate the unemployment rate for this economy - up to 2 decimal points. 

[c] Calculate the employment rate for this economy - up to 2 decimal points. 

[d] Calculate the labor force participation rate for this economy - up to 2 decimal points. 


 
 
 
 
 
 
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