Question 1.Acountryhasa population of 160million. Out of this population, the number of retired people is23million, the number of people below working age (under 16 years)is39million, and the number of people under different types of institutional care is1.5million. In this country,the number of theemployedamount to75million people andtheunemployedamount to4million people. Calculate the following and show your work:(6Marks)

A. Working-age population(1.5marks)

99.5 million

B. Unemployment rate(1.5marks)

C.The economic activity rate(1.5marks)

D. Employment rate(1.5marks)