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F. Moving to another question will save this response Question 21 Consider the population of a small country, assuming that the number of people in

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F. Moving to another question will save this response Question 21 Consider the population of a small country, assuming that the number of people in each category is as follows total population 1,200 children under age 14 - 200 elderly retired people - 300 . full-time adult students - 20 . full-time homemakers - 30 people working full time for pay = 420 people working part time for pay = 120 people not working but seeking employment = 60 people not working but have given up soeking employment 50 a Calculate the labour force participation rate in your answer you must show the categories you have considered for your calculation (2 marks b. Calculate the unemployment rate Show the steps 2 marks) Find the number of discouraged workers in this economy (1 mark) For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac)

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