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Q2. Calculating (un)employment rates. In a Roundnumbersland, there are one million men and one million women of working age (15-64). Of the men, 740 000

Q2. Calculating (un)employment rates. In a Roundnumbersland, there are one million men and one million women of working age (15-64). Of the men, 740 000 are employed and 200 000 are outside the labour force. Of the women, 640 000 are employed and 300 000 are outside the labour force

(a) What are the employment rates for men and women?

(b) What are the unemployment rates for men and women?

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