please answer correct both are asap .dont answer by pen pepar Assume the following data for a country:Total populationPopulation under 15 years of age or institutionalizedNot in labour force.CategoryUnemployedPart-time workers looking for full-time jobsInstructions: Enter whole numbers for your answers below.What is the size of the labour force?millionWhat is the official unemployment rate?%Number of people(millions)5001201203910

Unemployment rate measures the percentage of the labor force of the economy that is unable to find…

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What is the size of the labour force? million What is the official 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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Question

please answer correct both are asap .

dont answer by pen pepar

Assume the following data for a country:
Total population
Population under 15 years of age or institutionalized
Not in labour force.
Category
Unemployed
Part-time workers looking for full-time jobs
Instructions: Enter whole numbers for your answers below.
What is the size of the labour force?
million
What is the official unemployment rate?
%
Number of people
(millions)
500
120
120
39
10

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