Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A country has 150,000 people. Of these 25,000 are children under the age of 16. 92000 people have jobs and 8000 don't have job and

  1. A country has 150,000 people. Of these 25,000 are children under the age of 16. 92000 people have jobs and 8000 don't have job and are looking for work and 25,000 people are retired.

Calculate the labour force participation rate

Calculate the unemployment rate

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Business Driven Information Systems

Authors: Paige Baltzan, Amy Phillips

1st edition

1260004716, 978-0073376721

More Books

Students also viewed these Economics questions

Question

describe the key characteristics of a theoretical model in general;

Answered: 1 week ago

Question

The number of people commenting on the statement

Answered: 1 week ago

Question

Peoples understanding of what is being said

Answered: 1 week ago