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1. FIll in this table, indicating where required the formulas used population 60 population NOT of working age 25 population of working age ? inactive

1. FIll in this table, indicating where required the formulas used

population 60
population NOT of working age 25
population of working age ?
inactive of working age 8
labour force ?
employed ?
unemployed 5
employment rate ?formula?
unemployment rate ?formula?

2. -what is the GDP per capita? (explain everything about it)

-what is the labour discipline model? (explain everything about it)

-illustrate the Principal-Agent problem within the company and a possible solution to this problem. (consider ALSO the labour discipline model for the second part of the question)

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