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Part II 1. The country of Macedonia has following employment situation: Total adult population 2 10 million Adult population out of work actively searching for
Part II 1. The country of Macedonia has following employment situation: Total adult population 2 10 million Adult population out of work actively searching for work = 210 thousand Population retired, institutionalized, homemakers, and fulltime students 2 2.9 million Citizens listed with Macedonian military = 100 thousand a.) Assuming the Macedonian ministry of statistics uses the same unemployment formula as the LLS. Bureau of Labor Statistics, what is Macedonia's current unemployment rate? {4 points} 2. Following are the statistics for Orange County: Total population = 5000 Aged 16 and above = 4000 Currently em ployed= 1000 Unemployed reported: 100 a. What is the Orange County's current labor force participation rate? {4 points} b. What is current percentage out of the labor forceEI {4 points]
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