This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. Not in the Labour Force Unemployed Male 5 million Employed Male Male Female Female Female 65 million 45 million 35 million 5 million 85 million What is the adult population in Bolivar? b. What is the adult unemployment rate in Bolivar? c. What is the adult labour-force participation rate in Bolivar?
This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. Not in the Labour Force Unemployed Male 5 million Employed Male Male Female Female Female 65 million 45 million 35 million 5 million 85 million What is the adult population in Bolivar? b. What is the adult unemployment rate in Bolivar? c. What is the adult labour-force participation rate in Bolivar?
Chapter1: Making Economics Decisions
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Transcribed Image Text:This table shows the 2013 data for males and females aged 15 and over in the country of
Bolivar.
Not in the Labour Force
Male
45 million
Female
35 million
Unemployed
Male
5 million
Female
5 million
Employed
Male
Female
65 million
85 million
a.
What is the adult population in Bolivar?
b. What is the adult unemployment rate in Bolivar?
c. What is the adult labour-force participation rate in Bolivar?
d. If the natural rate of adult unemployment rate is 4.5%, what type of unemployment is
Bolivar is more likely to experience? Explain.
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