There are 160 million population. 90 million people are working; 10 million are not working but are looking for work; and 20 million are not working and have given up looking for work. Solve for the labour force participation rate. Additionally: Could someone explain the difference between ‘population’ vs ‘adult population’? How do we derive the ‘adult population’ if they only provide numbers for the ‘population’? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
There are 160 million population. 90 million people are working; 10 million are not working but are looking for work; and 20 million are not working and have given up looking for work. Solve for the labour force participation rate. Additionally: Could someone explain the difference between ‘population’ vs ‘adult population’? How do we derive the ‘adult population’ if they only provide numbers for the ‘population’? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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There are 160 million population. 90 million people are working; 10 million are not working but are looking for work; and 20 million are not working and have given up looking for work. Solve for the labour force participation rate.
Additionally: Could someone explain the difference between ‘population’ vs ‘adult population’? How do we derive the ‘adult population’ if they only provide numbers for the ‘population’?
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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