Answered step by step
Verified Expert Solution
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
- 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started