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Given the following information for a country: Total Population: 45,000,000 Labour Force Population: 38,000,000 Not in the Labour Force: 7,000,000 Labour Force: 31,000,000 Employed: ___________
Given the following information for a country:
Total Population: 45,000,000
Labour Force Population: 38,000,000
Not in the Labour Force: 7,000,000
Labour Force: 31,000,000
Employed:___________
Unemployed: 4,000,000
a) How many people are in the Employed category?
b) Calculate the Unemployment Rate.
c) Calculate the Labour Force Participation Rate
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