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PLEASE ANSWER WITH COMPLETE SOLUTION AND EXPLANATION THANK YOU LABOR FORCE CHARACTERISTICS: COMPUTE THE NUMBER OF PEOPLE 0 UNEMPLOYED, UNEMPLOYMENT RATE, Employed, Employment ate, UNDEREMPLOYMENT

PLEASE ANSWER WITH COMPLETE SOLUTION AND EXPLANATION THANK YOU

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LABOR FORCE CHARACTERISTICS: COMPUTE THE NUMBER OF PEOPLE 0 UNEMPLOYED, UNEMPLOYMENT RATE, Employed, Employment ate, UNDEREMPLOYMENT RATE, LFPRI Given the Mapaglusot economy with a population of 102 M, labor force 67 M and those who are out of work 35 M. Breakdown of those who are institutionalized: retirees 5 M ; below 15 years old 10 M ; currently enrolled 10 M, retardates 5M The Mapaglusot government was happy to announced that the number of people working at this point in time exceeds the number of people unemployed although out of the total no. of people working 3,500,000 are part timers. Now the Mapaglusot government needs your help to compute for the ff. figures to inform the public about the present condition of the economy.

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