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Question 21 Centurion is a country with a working age population of 100 million people. Of that number. 80 million are employed) 15 million are

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Question 21 Centurion is a country with a working age population of 100 million people. Of that number. 80 million are employed) 15 million are unemployed but actively looking for work, and 6 million are discouraged workers Required: Answer all questions in the window below. Show all calculations. Clearly label each answer (e.p. a,b,c, d). a How many people are in the labour force? (2 marks] b. Calculate the participation rate (2 marks) c. Calculate the unemployment rate. (2 marks) an expansionary phase and 2 million of discouraged workers begin looking for work what effect wil this have on the participation rate and the unemployment rate? Lapin d H the economy enter In sentence form . Support your answer with calculations ((d marks) For the toolbar, press ALT-F10 (PC) or ALT-FIN-F10 1Mac)

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