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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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