Question
1. Suppose that the country of Bigu has a population of 127 million, of which 83 million are in the working-age population. Of those, 25
1. Suppose that the country of Bigu has a population of 127 million, of which 83 million are in the working-age population. Of those, 25 million are not in the labor force and 52 million are employed.
a. Calculate the working-age population as a percentage of the population.
b. Calculate the labor-force participation rate.
c. Calculate the unemployment rate.
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
