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ENTER THE FINAL ANSWER ONLY. NO WORKINGS, NO DOLLAR SIGN, NO COMMAS, JUST THE NUMBER. USE ONE DECIMAL PLACE WHERE NEEDED. We are given the
ENTER THE FINAL ANSWER ONLY. NO WORKINGS, NO DOLLAR SIGN, NO COMMAS, JUST THE NUMBER. USE ONE DECIMAL PLACE WHERE NEEDED. We are given the following data for a country. There are 20,000 persons over the age of 15 years in the economy. Of this number 8,000 are paid employees; 1,600 work in their own businesses; 1,000 are unpaid workers in a family member's business and 400 are temporarily absent from their jobs because of an earthquake. 200 persons are laid off but are waiting to be recalled to their job; 1,400 persons do not have a job, are available for work, and have tried to find a job within the past four weeks; 780 persons do not have a job, are available for work, but have not tried to find a job within the past four weeks. 3,000 persons are full-time students and 3,620 are homemakers or retirees. (i) How many workers are employed? (ii) How many workers are unemployed? (iii) How many workers were in the labour force? (iv) How many workers are not in the labour force? (v) Calculate the unemployment rate. % (vi) Calculate the labour force participation rate. % (vii) Calculate the employment-population ratio. %
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